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Much has been written about the need for economic growth and development in Africa. In the article there are four economic traps that must be considered when considering aid to the continent. Explain how would each of these traps impact the production possibilities frontier?
our company values the three tons of channel steel at $12,000. Illustrate what is your optimal bid. Elucidate how all step by step calculations to arrive at solution.
An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop.
Can anyone think of a program which costs a lot but does not provide long lasting benefits.
What is the unregulated competitive equilibrium. What is the unregulated monopoly equilibrium.
Explain how will this combined tax-transfer policy affect aggregate demand at current prices.
He projects that his costs also revenue will be similar this year if he continues farming. Illustrate what is Bowen's accounting profit from farming an additional year.
Assume the value of equilibrium real GDP is $800 billion dollars. Assume the government increased spending by $20 billion dollars to increase real GDP.
There are two identical firms in this economy with constant marginal costs equal to 1 and no fixed costs. Assume that firms set prices and follow a Bertrand model to do so.
A brewery is considering two potential production investments.
Explain how much difference can a logo make on two shirts which are otherwise identical. Illustrate what type of market is this.
What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.
Illustrate what amount of profit does the industry fail to pick up by refusing to increase output by one unit
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