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Question: The point is often made that formal schooling can actually discourage young children from following their natural curiosity. Curiosity is an important element of creativity, and so it may be the case that schools indirectly and inadvertently cause children to become less creative than they might be. What does this imply for those of us who have attended school for many years? What can you suggest to today's educators as ways to encourage children to be curious and creative?
A firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day.
What is a government budget deficit How does a federal budget deficit affect the economy Howdoes it affect the level of investment and interest rates How doesit affect the individual consumer
a mechanical engineer who is anticipating paying for his daughters college education plans to start depositing money
Calculate the profit that the monopolist would make if a single price were set for both the classes. Assume that the monopolistic price is below $16 - Compare the total profits from price discrimination with the profits without price discrimination..
Explain, in your own words, the meaning of MRP and how is MRP computed?
Use the sticky wage theory of aggregate supply to explain what will happen to output and the price level in the long run. What role does expected price level play in the adjustment?
At a price of $24, should a perfectly competitive firm operate or shut down in a the short run if its TC is given as:
Consider a market where supply and demand are given by QXS = -10 + PX and QXd = 71 - 2PX. Suppose the government imposes a price floor of $33, and agrees to purchase any and all units consumers do not buy at the floor price of $33 per unit.
How markets allocate resources. Derived demand is the change in demand due to a result initiated in another market. Market changes affect the demand for resources in related markets. For the following scenario, you are given a list of products.
A firm has the following total cost TC function TC = Q3- 30Q2+ 400Q + 500 , At what level of output the firm's marginal cost MC is $100?
Draw T-accounts for Wisconsin Bank, and Madison Credit Union depicting the changes in assets and liabilities for these two institutions
PARC Company has money to invest in an employee benefit plan, and you have been chosen as the plan's trustee. As an employee yourself, you want to maximize the interest earned on this investment and have found an account that pays 7% compounded conti..
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