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Create an overall index of resource reliance by adding together energy depletion, forest depletion, and mineral depletion (all measured as a percent of national income). Do countries that have higher values for natural resource depletion have above average incomes? Do your calculations provide evidence of a "resource curse"? How do you expect this index would be related to corruption control? Make a scatter plot that shows this relationship. Does it support your idea?
The price of MP4 players has been going down in the past decade. Give an explanation for this consistent drop in the price of MP4 players. Use the model for long run competitive firm to illustrate your answer. Draw two graphs. One is to show the ..
what conditions must exist in order for a pure monopolist to achieve economic profits? is the profitability of a firms
Using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
If the merged firm were able to exploit economies of scale it would affect costs, may be even marginal costs. Assume the marginal cost of the merged firm was not 40, but 30. Is the merger profitable in this case?
explain why the facility layout and the work system design is important? how does it impact the business and workforce?
Assume that the technology of producing widgets is that every company entering the market has the same total cost curve, as follows; TC=1000+5Q+0.1Q^2
Suppose a textbook monopoly can produce any level of output it wishes at a constant MC and AC of $5 per book. Assume that the monopoly sells its books in two different markets that are separated by some distance. The demand curve in the first mark..
Critics have argued that if there are strong factor substitution effects, these subsidies could reduce employment in the state. Explain their argument. How does this affect the labor market
An oligopolistic firms's demand curve will be kinked at the current market price if: a. firm acts as a price leader in the industry, b. the firm produces a differentiate product,
The problem in economics in price theory deals with deriving maximum marginal utility and marginal rate of substitution.
Describe three ways in which the Federal Reserve can change the money supply.
1.nbsp suppose that two goods are perfect complements. if the price of good 1 changes what part of the change in demand
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