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Consider the following examples of economic activities:
Decrease in taxes
Purchasing of groceries
Massive layoff of employees
Explain how each of these activities affects government, households, and businesses. Explain the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
the state of california recently considered passing a tax on the services of doctors in that state in order to raise
Joanne has decided to buy the Hummer and set up a commuter service between Boston and Lowell. There are 1000 people who will pay $400 a year for the commuter service; $280 from each person goes for gas, maintenance, insurance, depreciation etc.
An indifference map implies
What motivated the producers of those individual products to make them and offer them for sale How did the producers decide on the best combinations of resources to use Who made those resources available and why
Determine your optimal pricing strategy if you and your rival believe that the new Jeep is a "special edition" that will be sold only for one year. Would your answer differ if you and your rival were required to resubmit price quotes year after ye..
you produce widgets. currently you produce 4 widgets at a total cost of 40.a what is your average total cost?b suppose
Explain why governments sometimes impose a price ceiling in a competitive market and explain three types of long run supply curves using the real industries.
What is the difference between the price paid by consumers and the price received by producers? Has the quantity of beer sold increased or decreased?
patricia is researching venues for a restaurant business. she is evaluating three major attributes that she considers
a.)define the concept of economic models b.)define scarcity and choices and their relationship in the study of economics c.) why do economists disagree d.) Name and define economic resources or factors of production
A company purchases a piece of manufacturing equipment for rental purposes.
What is the equilibrium quantity in this market and what is the equilibrium price in this market and what are the resulting output, revenue, cost, and profit of the typical firm?
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