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Compare and contrast the principles of the institutionalist school to neoclassicism. What tenets of neoclassicism do you think institutionalist economists would reject? Defend your selection.
Assume an economy produces only pizza also jeans. If some resources are unique in the construction of either pizzas or jeans.
The graph also shows the marginal revenue curve faced by this firm. Elucidate how much profit does the monopolist earn.
Explain using a diagram how a tax cut in period two affects consumption in both periods. Assume that average consumer does not believe that he/she or anyone in family will ever have to pay higher taxes in future to offset current cuts.
Draft a research proposal to identify the problem also suggests a methodology for recommending a solution.
If the Bank of Canada sells 100 million worth of bonds to the public in an open market operation. What level of output will the firm choose? Is the firm making a profit.
Illustrate the entry barriers exist in the fast food industry. Compute the labor participation rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150.
Considering companies operate in their own self interest, should cartels be legal.
Assume the Bank of Japan allowed the money supply to grow by 2% each year while the Bank of Korea chose to maintain relatively high money growth of 12% per year.
An agency is having problems with personal phone calls made during working hours.
Illustrate what is shop's sales mix Illustrate what is shop's break-even sales volume in dollars. Explain how many bicycles of each type must firm sell to earn a target net income of $50,000.
Find the optimal crude oil allocation for the following example if the profit associated with square foot of fiber is cut to $0.375,
EXplain what is the short-run condition for the monopolist and what output changes would you recommend.
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