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Discuss the concepts of marginal product and marginal cost. Also discuss the importance of trends in these and other economic measures and how time-series analysis (trend analysis) can be used or misused to make important management decisions
Explain why at first patents might seem such as a deterrent to growth because in effect they restrict the use of new technology
Should the United States pass a minimum wage that assures all workers earn a wage above the level of poverty.
Find out data on wages, employment, and minimum wage laws in developing countries from the internet & summarize this information.
For each scenario, calculate equilibrium price and quantity, total consumer surplus and total producer surplus.
Illustrate what role does weak financial regulation also supervision play in causing financial crises.
Discuss illustrate what will take place to the demand curve for economic text book in response to a reduction in student grants.
Explain underlying basis for foreign direct investment and discuss several factors that may contribute to it. What factors have likely contributed to current U.S. net direct investment position.
Illustrate the solution graphically using Labor Supply / Labor Demand and Production Function diagrams.
Illustrate what happens when a cheaper product is offered due to Impact of Government Imposed Price Ceiling that is below the equilibrium price.
Illustrate what would happen to total employment, the size of the labor force, and the unemployment rate? Show the results graphically.
for each bundle that the consumer chooses, show the indifference curve that goes through that bundle. Make sure to label your graph carefully and accurately.
Calculate the percentage change in nominal GDP, real GDP and the GDP deflator in 2009 and 2010 from the preceding year. For each year, identify the variable that does not change. Explain in words why your answer makes sense.
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