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If you could live anywhere in the world, where would you choose and why? What is one location in the world you would never, ever live? Why not? Be sure to consider and discuss the economic factors affecting your decisions, especially the labor market. Are there labor laws, regulations or unions which affect your profession and if so, does location matter? Would it be difficult to participate in your chosen profession overseas? Why or why not?
The exponent of D in the above equation is +0.75. What does this say about the effect of bus fare on the demand for auto travel? Is the demand for auto with respect to auto travel-time elastic or inelastic? Please explain.
Suppose Brenda"s preferences are such that she always receives three times as much satisfaction from an extra unit of styling as she does from gas mileage. What type of car will Brenda choose?
As a manager of a firm you find the marginal cost of the firm to be $10 and the fixed cost $100. For the range of prices that you are planning to charge, own price elasticity of demand is believed to be –1.25. Compute the optimal (profit maximizing) ..
1. consider a simple keynesian income-spending model of an economy described by the following equationsc 210 0.75yd
describe the five phases of supply management. what are the prerequisites to bringing a firms supply management
If Q=K^1/3L^2 the MPl is what
suppose the recipient of a kidney transplant has stated that she would prefer 5 years of perfect health to the 10 years
a. analyse a range of current economic issues and problems.b. develop and communicate economic arguments in a variety
Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm Describe the Diamond-Water paradox and the solution Explain why price is greater than marginal revenue for a single-price
Explain the exports effect of this change in the exchange rate.
Consider the product market for "Winter Wheat". If the Government has established a price floor and intends to purchase all surplus wheat draw the likely demand and supply curves and identify the quantity demanded and equilibrium price.
suppose that several years from now the yield to maturity on 2-year treasury note was 4.85 while the yield on a 1 year
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