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Suppose you were having lunch withyour best friend who just enrolled in an economics class. He wascomplaining about how irrelevant the class was, commenting that hesaw no useful purpose for economics. According to your friend,"I'm a nursing major. I will never use this stuff inthe real world." Having just completed the same course ineconomics, you try to explain to your friend that economics affectseveryone! How would you explain to this person that economics is a daily part of his personal and professional lives?
In the signaling model, assume high school graduates are paid a stream of income whose present value is $200,000. College graduates are paid a stream of income whose present value is X. College education costs higher-productivity wo..
You are a division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q = 150,000 - 1.5P, what price should you charge in order to maximize revenues from sales of the Highlander?
Analyzing many indicators of the macroeconomic situations in an economy, which includes interest rate, income, CPI, inventory levels, wage, consumer confidence and unemployment.
You are a manager of a large but privately held online retailer that currently uses 17 unskilled workers and 6 semiskilled workers at its warehouse to box and ship the products it sells online.
Suppose that Congress passes legislation making it more difficult for firms to fire workers (an example is a law requiring severance pay for fired workers). If this legislation reduces the rate at which people are let go from their jobs
Illustrate what does this say about the likelihood of our running out of resources.
If instead local ordinances granted the households the right to be free from the pollution, could an efficient outcome be achieved by voluntary exchanges between the households and the O&Gs Would the households be better off or worse off than if t..
Calculate the value of the objective function over the 5-year period and which policy is best? Why?
Explain the effect of such a shock on the equilibrium of the DAD-DAS model - Suppose that at time t-1 inflation is zero and there were no shocks in the economy.
Quantity of pizzas demanded soared he following week from 1 pie an hour to 100 pies an hour. Illustrate what was the price elasticity of demand for Domino's pizza.
a powerful leading indicator of overall future economic activity. Elucidate why is it a more meaningful indictor than housing starts.
If your payroll (budget) is increased to $120,000, what should you do to maximize the number of customers served?
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