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Using the basic Economic concepts answer the questions below.
Explain based on the Economic concepts the reason why college students choose to study.
A program involves execution of 25,000 machine instructions with an overall CPI of 1.2. The processor clock runs at 3 GHz, what is the execution time of the program?
Is production outside the production possibilities curve currently possible based on future advancement in technology if international trade allows for the consumption of beyond the possibilities curve?
Master Card has a series of cute commercials that list a series of accounting items and costs leading to a priceless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or priceles..
What are the steps involved in analyzing the changes in the equilibrium of the market. Analyze the effects with an example of events on a market, which includes shift of both the demand curve and supply curve.
While Jon is walking to school one morning, a helicopter flying overhead drops a $100 bill. Not knowing how to return it, Jon keeps the money and deposits it in his bank.After this initial transaction, by how much is the money in the economy changed.
Say that a person has observed the following: family farms in a developing country tend not to consider family labor which is used to work the farm (weeding, harvest, etc) as a cost: that is, family farms in a developing country tend not to val..
Discuss the role of corruption in the modern economy. Give specific examples of instances of corruption duringa) S&L crisis and the recession of 1991 b) Enron and the recession of 2001 c) Subprime mortgages and the recession of 2007
Suppose there are two airlines, each one runs one flight a day to Chicago. Delta runs one at 8AM and United runs one at 6PM. There are 100 people whose preferences are evenly distributed between 8AM and 6PM. Each consumer values the flight at $300..
Scores have an average of 1200 with a standard deviation of 60. A sample mean of 36 scores is selected. What is the probability the the sample mean will be larger than 1224?
The market for taxi services in a Midwestern town is monopolized by firm 1. Currently, any taxi services firm must purchase a $40 thousand "Medallion" from the city in order to offer its services. A potential entrant (firm 2) is considering enteri..
Are you agree or disagree- Describe your answer with economic principles and the reasons why.
When the Federal Chairman, Ben Bernake, announces a change in the interest rate, does the Federal Reserve directly or indirectly change interest rate? explain.
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