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Find recent evidence in the Wall Street Journal and other business publications on how companies are expanding the use of techniques described in the opening case to ubderstand and impact character behavior.
Suppose that a monopolistically competitive restaurant is currently serving 250 meals per day (the output where MR = MC). At that output level, ATC per meal is $10 and consumers are willing to pay $13 per meal.
Wade’s solution to prevent crises such as the Asian financial crisis involves each of the following components EXCEPT:
A temporary group of employees responsible for bringing about a particular change is a
Suppose that in our economy represented by sectors A and T as described in class (A is capital intensive and T is labor intensive; both produce under constant returns to scale), there is a positive production externality (for instance knowledge spill..
Explain and graphically illustrate the effects of the tax cut on aggregate output, consumption, employment and the real wage.
If skilled machinists with advanced computer training and computer operated lathes are complements in production in high tech manufacturing but computer operated lathes are substitutes in production for machinists without computer training (unskilled..
Vietnam employs 40 million tons of rice a year. World price os rice is $500 per ton. Vietnam employs 10 million people in rice production with each working an average of 1000 hours a year. Which economy, California or Vietnam, has an absolute advanta..
Suppose economy starts with GDP at potential, the real interest rate and marginal product of capital both equal to 3% ad a stable inflation rate of 2%. Analyze the effect of this shock in IS/MP diagram. What policy response would you recommend to fed..
We see the U.S. tends to import more goods than they export. Regardless of the imbalance of trade the U.S is still an economically competitive country. Do you think trade is just a small component of what makes a country economically successful?
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Economically who benefits when retailers in Europe and the United States source textiles from low-wage countries such as Bangladesh? Who might lose? Do the gains out weight the losses?
Which of the following is least likely to be part of the opportunity cost of a college degree? An increase in the interest rate is expected to cause the optimal level of human capital investment for an individual to:
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