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On one graph, draw a time series graph showing salaries of McDonald cashiers, reality TV starts, and NBA basketball stars. (Make up a total of 9 data points, you don’t need to show the actual numbers)
Economies of scale and dis-economies of scale? What do these terms mean, when do they occur and how do they differ? Can you provide an example of economies and scale and dis-economies of scale.
Assume you are currently working in a government job that pays$20,000/year and you have $40,000 in an account earning 10% interest. You have the opportunity to buy a fruit orchardthat produces $23,000/year in revenue for a price of $50,000.
Competitive firms will always try to earn more than a normal profit by doing the following, except
In the short run, what is the profit-maximizing price of e-books relating to do-it-yourself topics? At the profit-maximizing quantity, what is the average total cost of producing e-books?
Outline the differences between active and passive policy and explain how the two approaches differed in their assumptions about how well the economy works on its own.
According to the innovation theory of profit, above-normal profits are necessary to compensate the owners of the firm for the risk they assume when making their investments.
Which of the following statements best describes the concept of a binding price floor. Suppose that the equillibrium price of donuts is $1.00 per donut.
Select one topic from below. This will be the subject you will research you will need to comprise an outline, a rough draft also the final draft.
What would be the equilibrium price? What is the equilibrium quantity? Calculate the deadweight loss created by the tax.
Describe the innovation life cycle proposed by Abernathy and Utterback. Does the model provide a useful tool to guide and manage the innovation process? Do you see any weak points in the model?
The U.S. economy fell into a recession in 2001 and then proceeded into a slow-growth recovery due to a decline in investment. A. Explain how a change in investment can have a big impact on GDP causing a national recession.
what single payment at the end of year 5 is equivalent to an equal annual series of payments of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 8% compounded annually
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