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Give an example of a good or service that is “intangible” (not a physical commodity) and is NOT shareable. Explain briefly why it cannot be shared. Give an example of a good or service that is shared in the production of the good or service that you gave as your example. Explain the sharing in the production process. What or who shares what?
While you are working on the project, maintain a Word-readable document (.docx, .doc, .rtf, or .txt) that lists the tasks you experience problems with. Are there any tasks that cannot translate directly from one language to another? How did you ha..
Given the Demand curve for flyswatters Q = 500-50P, estimate the quantity demanded for the following prices.
Provide your own definition of "opportunity cost". Discuss what the opportunity cost of attending college is for you, noting that the concepts of opportunity costs and explicit monetary costs are not the same.
The discussion assignment provides a forum for discussing relevant topics for this week based on the course competencies covered. To support your work, use the textbook, lectures and scholarly outside sources.
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
Elucidate the importance of competition among firms. Explain whether the competitive environment in this industry benefits society or not.
Suppose that the inverse market demand equation for the output of two identical firms is P = 68 - 8Q. The total cost equations for the Stackelberg leader and follower are TCL = 4QL and TCF = 4QF, respectively. The profits of the Stackelberg lea..
Using the concepts of trade-offs, absolute advantage, and comparative analyze the following questions:
The owner of Ryan's Car Wash believes that the relationship between the number of cars washed and labor is Q = - 0.6 + 4L - 0.8 L2, where Q is the number of cars washed.How many people should be employed to maximize profit.
In national income accounting, grain fed to a hog at a commercial hog farm is considered a(n) a. final good b. intermediate good c. consumer good d. capital consumption allowance
Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks,..
how do we calculate the retail price index what are the problems of using the retail price index what are the advantages of inflation what are the disadvantages of inflation what are the remedies for cost-push inflation
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