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Can you think of any financial innovation in the past ten years that has affected you personally? Has it made you better or worse off? Why?
A line in a graph showing all of the possible combinations of corn and wheat that a farmer could grow is an example of what economists call a production possibilities curve or a production possibilities frontier (PPF). This kind of curve can be a true curve or a straight line.
suppose there 100 firms each with a marginal cost of 2q+1 and a demand of 1050-50p.what is the production?
Southwest Airlines begins a "bags Fly Free" campaign, charging no fees for a 1st and 2nd checked bag. Elucidate weather this situation represents best?
Evalute the area of consumer surplus and producer surplus for the profit maximizing monopoly.
Professional sports players are generally paid much more than farmers, factory workers, engineers also teachers.
Explain the steps that would be used to conduct a Benefit-Cost Analysis of a government policy to alleviate the problem.
What is the effective interest rate of an investment if the nominal annual interest rate is 2.09% and it is compounded semi-annually? Express your answers as a percent to two decimal places?
From the e-Activity, assess how business leaders use managerial economics to make business decisions indicating how profits may be impacted.
Write down the total and marginal revenue functions (d.) Suppose there is a 4 % increase in advertisement. What will be the effect on demand?
Determine the point price and income elasticity’s for household furniture. b. What interpretation would you give to the exponent for R?
Bud has very limited store space and has decided to limit his product line to one brand of beer, choosing to forego the snack food lines that normally accompany his business.
If we accept Marx's labour theory of value, we run into a different problem: if a working day of 8 hours creates same amount of value in a highly mechanized industry as in an industry with few machines, why do capitalists introduce machines.
Elucidate how a profit from selling the drug. This is, in part, due to the fact to the company spent $1.2 billion developing the drug also obtaining FDA approval.
Find out his utility maximizing H and L. Assume he is not eligible for welfare. Now assume he is eligible for welfare. Does he take welfare or work.
What does it mean when asked; what are some considerations to remember given the different roles and people in the audience.
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