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Choose an organization that has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization. How has the Internet changed this balance for organizations?
In the late 1990's "mad cow" disease caused people to buy less beef. It also caused the European Union to ban imported British beef and the British government to ban the sale of older cattle. What is the effect of the above on price and quantity o..
Explain how have these people changed monetary strategy, fiscal policy also laws that govern businesses since the collapse of the economy.
If the apple grower wants to see 6,000 bees kept, what is the value of the externality? What would have to happen for the socially optimal amount of bees to be kept?
Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving more awa..
Imagine you are the CEO of Yahoo!, and outline the relevant obligations, ideals, and effects that you believe should be taken into consideration before developing a company policy regarding employees working remotely. Examine the ways in which the..
Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?
Consider the following infinitely repeated model between two firms. Each period, the firms earn profits of 10 if they successfully collude. If a firm deviates from the agreement, it earns 15 in the period in which it cheats. In each period that th..
Analysis the most recent issue of International Economic Trends, published through the Federal Reserve Bank of St. Louis. You will notice percent (%) changes in economic data for 7-countries and Euro Area.
How does an increase in income taxes on wage income affect the labor market and potential GDP? How does an increase in income taxes on interest income affect the capital market and potential GDP?
Suppose there are two firms in a market who each simultaneously choose a quantity. Firm 1's quantity is q1, and firm 2's quantity is q2. Therefore the market quantity is Q = q1 + q2. The market demand curve is given by P = 60 - 4Q. Also, each ..
Calculate the marginal product of labor, at what point does diminishing returns set in, calculate the average product of labor and find the three stages of production
Within this group, the average weekly wage of the high-school graduates is 2/3 the amount of college graduates. Assume that wage elasticity and all other individual characteristics are the same across the education groups.
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