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Suppose that one must divide $1,000 among 100 students. Which divisions are efficient?
A) Any division of the money is efficient
B) The efficient division is to give each student $10
C) The efficient division is to give all of the money to one student
D) The efficient division is to divide the money so each student is equally happy
How Farmer jones carrots and buys beets. His income eLasticity of demand for both carrots and beets is posotive.an increase in the price of carrots causes him to.
Show the total and marginal products and indicate at each level of production whether the production function exhibits increasing, constant, or diminishing marginal productivity.
Use your own life experience to explain the difference between the marginal and the average propensity to consume. In what circumstances could more saving be bad for the economy as a whole (search the Internet for the “paradox of thrift”)?
Illustrate what problems would occur if the managers of each division were given incentives to maximize each division's profit separately.
assuming economy is in a long run equilibrium, show fraction of total output earned by labour and fraction of total output earned by capital. Explain why, in long run, firms make zero economic profits in this economy.
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why?
Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following p..
Describe the impact of effective communications to the internal public's of the company. Utilize the communications procedure to make an effective internal public relations action plan.
There are three types of plant: coal, natural gas, and hydroelectric. The three types of plants face the costs appearing in the table above.
question 1 the economic surplus of a particular action is answer the value of the action the cost of the action
Define and explain the money multiplier. Identify the change to the money supply in the following situation: The required reserve ratio is 12.5 percent and the Fed increases the monetary base by $100.
Discuss the importance and explain the use of business process modeling notation (BPMN).
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