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a) Distinguish between publicly provided goods, public goods and merit goods.
How does the division of labor lead to more efficient production - What are some examples of division of labor and specialization from your personal experiences?
What is the probability of loss if you bet the pass line and the no pass line in craps?
When Average cost is falling, marginal cost will be below average costs?
How would you addresss the graft and corruption in your respective school?
What affect might our concern for the baby boomers reaching retirement age, and the smallest number workers supporting the largest number of retirees drawing social security, have on our views regarding mandatory retirement.
1. Why do banks hold a range of assets of varying degrees of liquidity and profitability?
What are the implications of Williamsn's managerial discretion model and Baumol's sales maximization model
1.How would you set about measuring the external costs of road transport?
What is the maximum capital cost of the conversion unit for which a refiner should proceed with the investment - Change the price delta for Jet Fuel & Kerosene from ($5) to zero. What is the maximum viable capital cost now?
Should all developing countries aim over the long term to become exporters of manufactured products?
The overall balance of payments must always balance. If this is the case, 1.why might a deficit on one part of the balance of payments is seen as a problem?
case - cost strcture and pricing sting ray poolvac inc. manufactures and sells a single product called the sting
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