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Case Study/Project
Explain General Medical makes disposable syringes for hospitals and doctor supply companies. The company uses cost plus pricing and currently charges 150% of average variable costs.
Show why the Solow growth model with diminishing marginal product of capital (assume labor is constant) implies that capital accumulation alone cannot result in continuous growth. What happens to steady state level of capital and output if there is a..
Describe fully with many paragraphs in an essay style, the economic arguments for and against a free market approach to allocating scarce resources. Provide a unique real world (come up with them on your own) example where the free market defiantly a..
Illustrate what is your advice to the Canadian government about which market structure to choose for pasta industry.
Suppose that country A pegs its currency to that of country B. Now suppose that there is an adverse demand shock in country A. Country B is more likely to cooperate and increase its money supply in response to A's adverse demand shock when:
q.the first company is a trendy bar. the bar is currently seeing many young well paid professionals as customers but
Which of the following is not commonly offered as a reason for protectionism ?
For a child i living in a particular school district, let voucheri be a dummy variable equal to one if a child is selected to participate in a school voucher program, and let scorei be that child’s score on a subsequent standardized exam. If you run ..
q. athe economist on the 14th february 2008 printed the following more recently the post-mortems on americas 2001
Consider the Cobb-Douglas production function: Y = zK^a N^1-a where Y is output, z is total factor productivity, K is capital, N is labor employed, and is the share of capital in the production function. Write down the problem of the firm using the C..
How might increasing the level of government transfers reduce the size of the economic pie? Check all that apply. Greater transfer activity diverts productive resources into rent-seeking activity. Higher taxes may be necessary to finance increased tr..
Assume a company has $200 in fixed costs, marginal costs are $10, and the company produces 100 units per year. How low can the price go before it is preferred to shut down? Answer the question for the short run and for the long run
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