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Select two subject and explain how they fit into economics- what do the subject have in common? How does it impact how you think about economics? What can you learn from it? and how can you apply it?
Each of you will select different topics- they can be from the book/movie or they can be other areas that you select.
Are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position in the google antirust case.
Draw and explain the shapes of indifference curves that reflect the following preferences.
Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question. Which effect could not occur for the participating countries?
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
A leading organization, inspired by the Grameen bank, is attempting to provide loans to small farmers. it is leading to farmers in groups of two. Explain three reasons why a strategy of group leading may be better than a strategy of lending to indivi..
If economy has full flexible prices and demand unexpectedly increases you would expect that the economy’s real GDP would tend to Increase, Decrease. Remain the same? What happens when demand fluctuates lower than expected? What happens when demand fl..
Assume you are the manager of a medium-sized industry which operates in an industry which has a four-industry concentration ratio
Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2012.
Consumer surplus is smallest for. Which of the following markets will have the largest deadweight loss? A monopoly can price discriminate between two groups of consumers if each group has ________.
A clinic has incremental costs per case of $10 and overhead costs of $100,000. It faces a price elasticity of demand of -2. What is the clinic’s profit-maximizing price? (Round to the nearest whole dollar)
consider the production functionq 4k 34 l 14a. find the gradient of qb. find the hessian of qc. denote the initial
Explain how does this relate to the idea which diminishing marginal utility must be understood in context. Many people buy too much on their credit cards, even when they know they will be sorry when they get their credit card bill.
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