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About economics and the meaning of 3 economic systems traditional, command, market.traditional i undestand as peooples ecomonic passed down from previoius generations, traditions decide what theses people do for a living and how work is done.command the maid decision maker is the government no person may independently decide to open and run any kind of business.
market: it is one nations economic decision are the result of individual decisions by buyers and sellers in the market place. Explain how do the following types of economics systems capitalism , socialism, and communism fall under : market , tradition, and command.
Find the Cantina's marginal revenue function and in the same diagram, illustrate the Cantina's demand curve and marginal revenue curve.
Illustrtae the possibly changes which the "accrual" accounting or the "cash basis" could bring into the financial statements.
A hearing is scheduled for your company to present arguments that your firm has not increased its market power through the merger. Can you do this and how. What evidence might you bring to the hearing?
Assume the population over age 16 is 160 million, number of discouraged employees is 10 ml, the labor force is 110 ml and the total employment is 90 ml.
Define Q to be level of output produced and sold, and suppose that the firm's cost function is given by the relationship;
Sam arrived on campus at the beginning of the academic year with $480 to spend on textbooks and CDs. The price of a textbook is uniformly $80 and the price of a CD is always $20. Her parents made a deal with her - after Sam spends $240 of her own ..
A clinic finds that by eliminating appointments it can reduce costs. The clinic is able to eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so there is virtually no down time. D..
As an employee of World Bank you've been asked to research the needs of a country with a particular economic concern.
What is the real mortgage interest rate in 2001, 2002, 2003 and 2004, what are the values in 2000 dollars of Nancy's monthly mortgage payments in 2001, 2002, 2003, and 2004?
Elucidate the difference between GDP and GNP. What adjustments needs to be made to GDP to arrive at GNP.
Now suppose the same game is played with the exception that Player A moves first and Player B moves second. Using the backward induction method discussed in the online class notes, what will be the outcome of the game
Provide reasons to explain what the government would have to do to keep the unemployment rate
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