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Q. Sophie is president of Tasty Foods Corporation, a wholesale grocery company. An inspection by Uri, a government agent, uncovers unsanitary conditions caused by Vic, a Tasty Foods employee, in company's warehouse. Will, a Tasty Foods vice president, assures Uri that situation will be corrected; however a later inspection reveals no such corrections. Sophie knows nothing about any of this. Can Tasty Foods be convicted of a crime in se circumstances? Can Sophie be held personally liable?
Why does a reduction in taxes have a smaller multiplier effect than an increase in government spending of an equal amount.
Illustrate why did official money lose its meaning in Germany during the 1920s. What did the German government do or not do.
At some levels of output Acme's average total costs are less than Generic's, but at some levels of output Generic's average costs are less than Acme's.
Illustrate what is the Business Cycle. Be able to describe all of its parts such as peak, trough, long-term trend, etc.
explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost.
Assume that a Swiss watchmaker imports watch components from Sweden and exports watches to the United States. Illustrate what is the relationship among disposable income and consumption expenditure.
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
Illustrate what is the equilibrium price of tickets to the event. Calculate the price elasticity of demand at the equilibrium price.
How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.
Youngstown sold most of its output in the Midwest. Was this fact relevant.
Within which sections of the production function is marginal product increasing. Explicate the link between scarcity, choice and opportunity cost
This production function does not satisfy the definition of rising returns to scale, constant returns to scale, or decreasing returns to scale. How can this be.
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