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Draw the average variable cost and average total cost curves for a typical firm. Include the MC curve. Describe the relationship between marginal and average costs.
Think about one choice you made in the past several days and explain how this could be analyzed using economics concepts such as tradeoffs
You are a member of an international ethics commission assembled by the World Trade Organization. Your team has been asked to assess the global tactics of Microsoft in recent years. A primary issue is whether Microsoft took unfair advantage of its po..
The owner of Joe's Burgers is thinking about building a second fast food restaurant across town. The second restaurant would cost Joe $1 million to build.
I recognize the term “supply-side economics” as phrased in my high school course, “trickle-down policy”. The increase of goods without a shift in aggregate demand curve will increase supply, and lower prices. A supply-based policy is a tool of govern..
In a situation of a fixed exchange rate, explain why, in the monetary approach, an excess supply of money leads to a balance-of-payments deficit. Why is the deficit only temporary? How might advocates of the monetary approach explain a long-lasting d..
The year 2014 closed with the unemployment rate just below 6 percent, real GDP growing at roughly 2.5 percent, inflation below 2 percent, and the federal budget showing a deficit under 3 percent of GDP. Which arguments do you find more persuasive?
For a Puerto Rican who is indifferent between working in the U.S. and working in Puerto Rico, what are the migration costs from moving to Puerto Rico to the U.S
What is the difference between a linear, quadratic, and cubic regression analysis? Please provide a reference.
Bob the Builder borrowed $20,000 at a rate of 10% and must repay it in 5 equal installments at the end of each of the next 5 years.
You have your eyes on a new automobile costing $25,000. If you wrote a check for the $25,000, you could drive off in your new car. However, you don’t have it and must finance $20,000 through the dealership at 15%/year/month over a 5-year period. What..
Elucidate Illustrate what you can do, if the best technology was used to produce the components of the system.
Senator Snodgrass says, “You economists say the economy is recovering from the recession but corporations are sitting on piles of cash and the unemployment rate is not declining. If the economy is really getting better, why aren’t more people getting..
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