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Time to get real--real world, that is. Drop the following articles into your smart phone or bookmark them on your computer and read them over the week. Post a comment on one of them or add another link to something relevant. Thoughtful people all over the country are talking about these articles and discussing our future economic direction. This week, since we are talking about production, I want you to read an article that appeared in the New York Times: Apple, America, and A Squeezed Middle Class: How the US Lost out on iPhone Work.
Please also, find an article on the assembled-in-the-USA Motorola Moto X smartphone. Put the properly formatted article title in the subject line of your post and a clickable link to the article in the body of the post. In your post please comment on the following statement: “Apple must be greedy as it’s obvious companies can make money making things in the US as Motorola has proven.”
You may NOT re-use an article that has already been used by a fellow student so check the current posts before you do too much work on an article you’ve found.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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