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Consider the four factors of production in economics. Suppose that in order to operate your business, you lease retail space in a building downtown. Define all four factors of production and identify which factor of production could categorize this building. Be explicit about why the building would be considered this factor of production instead of one of the other factors of production.
Explain how does one construct a linear (or other mathematical program) to solve a competitive or walrasian equilibrium problem.
Which economy is better off, country A, in which output is growing 6 percent per year with population growth of 4 percent per year, or country B, in which output is growing 4 percent per year with population growth of 1 percent per year?
what are the characteristics of monopolistic competition. graph the long run profit position for the monoplistically competitive firm. what is excess capacity and how is it manifested in the monoplistically competitive firm's graph.
Social Security is projected to experience a shortfall in 2035. If nothing is done, recipients will start receiving only 85% of earned benefits. What do you think is the most fair solution- increasing mandatory contributions to more than 7.65%, remov..
In a macroeconomic context, what are implicit liabilities? Payments that the Federal government undertakes only during periods of recession. Money owed to people possessing government issued bonds.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
Discuss the ethical dilemma faced by employers trying to provide internet access for employees to do their work while trying to avoid cyber slackers and cyber loafers in 150 word essay.
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1s elasticity of demand is -4, while group 2s is -3. Your marginal cost of producing the product is $20. Determine your optimal..
A forecasted increase in metal prices has encouraged the Delta Resource Company to consider the expansion of the capacity in one of its open pit mine operations in Northern Ontario. Existing Capacity: Positive after tax annual cash flows of $12.5 mil..
Look at the inflation adjusted data also identify the periods of negative real economic growth. Illustrate what might have caused every of these periods of economic decline.
What is the best definition of the basket of goods and services included in the consumer price index?
Derive the income elasticity of demand function for individuals with (a) cobb-douglas (b) perfect substitutes and (c) perfect complements utility functions
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