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Question: Select a specific project designated as an Honoree by The Harvard Project on American Indian Economic Development. Based on Harvard's online Honoree profile and your own insightful speculation, craft a hypothetical mission statement, objectives, and deliverables & criteria for the project. For these project planning elements, use the frameworks, definitions, and explanations provided by Cobb.
Why do firms experience diseconomies of scale as they increase production volume? How might firms "avoid" experiencing diseconomies of scale?
Demand and supply schedules
Describe briefly the determinants of income levels and economic growth according to the models and frameworks discussed in class.
If the farmer can buy insurance for a premium of $0.05 per dollar of coverage, how large of an insurance policy should the farmer buy?
The point M on the accompanying production possibilities curve depicts the mix of output that is determined by the free market. In your opinion as an economist, where is the socially optimal mix of output Mark this on the PPC as point S
Compute the fitted values and residuals for each observation, and verify that the residuals (approximately) sum to zero.
What is human capital and why it is important why we do not measure human capital in accounting statements
Suppose that both firms try to maximize profits, but that Firm A has a head start in planning and can commit first. Now what will be the outcome? What will be the outcome if Firm B has the head start in planning and can commit first?
When the price fell from $29 to $19, how much did each consumer’s individual consumer surplus change? How does total consumer surplus change?
Suppose there are two technologies for producing steel. Under technology A, a firm's short-run total cost function is STCa(q)=1/2q^2+100q+10 with SMCa(q)=q+100, and using technology B it is STCb(q)=2q^2+6 with SMCb(q)= 4..
Testing Paul Samuelson's model of a decrease in prices of exported production factors, we find that there has been significant deterioration in the U.S. position with respect to merchandise trade.
An engineer uses an economic analysis to determine which of the two machines to purchase. All the machines that are being considered are capable of performing the same task. Assume that the minimum attractive rate of return is 12% compounded m..
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