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1. Adam Smith wrote of, "The Invisible Hand" in economics. Give a critical evaluation of the way in which this concept has been affected by the theories of Maynard Keynes, Karl Marx, Milton Friedman and political expediency and /or dogma.
You may use any pictorial technique to justify your argument you see as relevant and appropriate. i.e. Graphs, Charts, Economic curves, etc.)
2. "The sole purpose of production is consumption", Adam Smith. Evaluate this statement in relation to contemporary business activity, David Ricardo's theories and the effect of trading groups such as the European Union, NAFTA, etc. Your response should use any pictorial technique you feel supports your argument.
Using the given table, find out the quantity where MC = ATC. Find out the quantity where ATC is at its minimum. Find out the quantity that is the most efficient operating point for the firm.
Research a large Korean firm like Samsung and its chief European rival Philips. Why do their structures differ so much? Explain each of the companies’ organizational structure in details. Compare and contrast the structure and explain why
How do you calculate the long run demand curve to this question? To conduct an experiment, AMC increased movie ticket prices from $ 9.00 to $ 10.00 and gauged the change in ticket sales. Using the data over the following month, they concluded that th..
if current output is such that marginal cost exceeds marginal benefit should more or less resources be allocated to
1).Why is the depreciation of capital good a cost of society? In what ways does a person's health depreciate? 2).Why might older people's health care expenditures increase in the Grossman model even though their desired health stocks may be lower?
three oligopolists a b and c produce an identical product q. q is produced under conditions of constant costs that is
proposal aenvisages generation of electricity from water - a hydro-electric project. the useful life of this project is
Since the end of World War II, the U.S. unemployment rate, Use of inaccurate and falsified data in deliberately related to economic decision making is:
branding iron products a specialty steel fabricator operates a plant in the town of west star texas. the town has grown
When thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illuminate this con..
Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition. What is the goal of creating a brand name for each of these market structures What does the brand name do to the demand curve for the prod..
Using equation y*=A(k*)^(1/3), the prediction of the Solow-Swan model, and assuming labor is constant; explain why the growth rate of TFP is equal to growth rate of GDP per capital
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