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Locate recent articles in the New York Times or Wall Street Journal in which economists are quoted using positive and normative statements. Provide one quote and its context for both a positive and normative statement. Explain your choice. Evaluate the statement choices of your fellow students.
Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold.
Elucidate what happens to the price of oranges and the marginal product of orange pickers as a result of the freeze. Can you say what happens to the demand for orange pickers.
Explain how will the increase in unemployment benefits affect output and the price level in the short run and in the medium run.
These investors seek unlimited access to investment consultants and are willing to pay up to $10,000 annually for no fee-based transactions.
Describe how McDonald's and Wal-Mart elucidate changes in the macroenvironment affect individual firms and industries through the microeconomic factors of demand.
A competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.
Explain how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated
Illustrate what variables other than cost appear to have the biggest impact on the demand products
Find the profit-maximizing choice of q for this miniature farm; also compute profits that will be earned at this choice of q.
Identify those who gave us the concepts of monopsony and human capital.
Using the method of Lagrange multipliers to derive Sharifah's demand for brownies and espressos. Explain how many brownies and espressos will Sharifah consume.
At the prompting of the United States, Japan relaxed the restrictions and allowed the companies to invest anywhere in the world. Illustrate what effect do you think this had on the yen/dollar exchange rate and the trade balance between the two cou..
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