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In the old days lighthouses were built along the coast to prevent ships from running aground on rocks in unfamiliar ports. By shining a beam of light over a port and guiding ships away from rocks, these vital buildings reduced the risk for ship captains and were generally considered to be extremely valuable resources. Curiously, lighthouses were almost always run and maintained by local governments. Explain in economic terms why private firms would not run a lighthouse.
Distinguish between the terms bundling, multidivisional, matrix and network organizational structures. Why is decentralization a good strategy? What are possible disadvantages of this strategy?
An increase in government spending or An equal decrease in taxes if consumer confidence is lower than the previous month.
You have been appointed economic advisor to Exam land. The mpc is 0.6; investment is $1000; government spending is $8000; consumption is $10000;
discuss your most recent decision to purchase a major item entertainment center automobile home etc.. in what way did
Why does the burden of sales tax fall completely on customer when the value elasticity of demand is perfectly inelastic; the seller when perfectly elastic.
write a grant proposal aimed at receiving funding for a programme that you expect to run in anarea village of a
Based upon marginal revenue or marginal cost analysis, explain how output and price are determined in monopolistically competitive markets.
q. consider a production possibilities curve for the u.s. that puts capital goods on the vertical axis and consumer
An economy is faced by exhaustion of an important natural resource at a time when it is introducing improved technology.explain how these events will effect the economy production possibility curve.
The pharmaceutical industry often has the luxury of implementing pricing strategies that appear high to consumers. Take a position on the fairness of the industry's approach to pricing pharmaceutical products including offering an alternative stra..
Assume that an economy producing two products, skateboards and in-line skates, is initially in equilibrium, and that skateboards and in-line skates are substitutes. If consumer preferences shift away from skateboards and toward in-line skates, which ..
Total explicit costs of using market-supplied resources for Quest Realty- partial income statement from Sizzling Foods
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