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1.Topic: When you travel to South America, you encounter countries that have a vast amount of natural resources, and very large labor forces. However, despite an abundance of these resources, you also see a lot of poverty. Can you provide an economic explanation of why poverty exists?
The utility-maximization model assumes that the typical consumer is rational and acts on the basis of well-defined preferences. Because income is limited and goods have prices, the consumer cannot purchase all the goods and services he or she migh..
Matthew need eggs (E) and premixed ingredients (I) to produce cake. Every cake needs exactly two eggs and one package of ingredients. When he adds three eggs and one package of ingredients, he still produces only one cake.
Pam, having recently graduated from college, is looking to work for 2 years before she enters graduate school. She has received 2 job offers with the following salary structures:
How does the proliferation of global trade and competition contribute to markets moving away more from market possessing power to more perfect competition?
Please Analyze the supply and demand of goods or service of Subway restaurant, think what your Subway produces. Determine some things that would change the demand for their product?
Why would the firm price it differently in different countries. Illustrate what do you think will happen to the price over time.
Discuss the effects of innovation and technology on the expenses of production and how does technology affect market structure and real world competition?
Provide an update on the economy-where is unemployment, what is the outlook for the deficit, what are the overall predictions for 2010 - 2012?
All of the firms will submit sealed bids. The procurement officer will look at all of the bids and select the lowest bid but pay to the lowest bidder a price equal to the price bid by the second lowest bidder. Show that bidding c is a weakly domin..
calculate the long-run equilibrium values of r and p assuming that the potentiallevel of output y is equal to 3500
Culture defines the way of life of a particular people. Researchers state that culture does not exist where there is no comparison. The culture of any country is hence identified by comparing two or more cultures.
Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents. distinguishing between the short run and the long run.
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