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Q. Analayze the following two statements. Are they both true? Are they inconsistent with each other? Explain.
(1) "Firms will hire a resource only if they can make money by doing so."
(2) "In a market economy, each resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
Explain how is it possible which output rises while at the similar time employment is falling.
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
If Anne is planning to invest her loan in an asset which she hopes to turn a profit on, Illustrate what is the minimum rate of return she needs to earn.
How much deadweight loss does Great Reception causes when it restricts output and charges a price above marginal cost.
Elucidate what will be the price of your jersey in Los Angeles and what will be the price in Brooklyn. What will be your total profits.
Despite being globally branded, Unilever still tweaked the Dove campaign from country to country. Elucidate why did it do this. What does this tell you about national differences in consumer behavior.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
Elucidate five specific actions which can be expected to cause the equilibrium of ice cream to increase.
When, if ever, is it acceptable for one state or groups of states to interfere in the domestic affairs of another state
This declaration would perhaps receive general agreement, but it is not always clear exactly Illustrate what concludes when something is in the public interest.
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil.
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