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How does the hacker point of view concerning electronic access to information differ from the law and from your point of view concerning access to information?
This production function does not satisfy the definition of rising returns to scale, constant returns to scale, or decreasing returns to scale. How can this be.
When the polio vaccine first became available in the United States, the government controlled the price with an effective price ceiling. Production of the vaccine was not sufficient to fill all orders and the government had to regulate its distributi..
Suppose that Clancy and Eileen are the only suppliers of pizza slices in a particular market. The following table shows their weekly supply schedules: Price Clancy's Quantity Supplied Eileen's Quantity Supplied (Dollars per slice) (Slices) (Slices) 1..
There is strong empirical evidence to support absolute convergence across the US states (when each state is viewed as a separate economy) and there is somewhat weaker evidence to support absolute convergence across Europe. On the other hand, there is..
Suppose Dell computer Company operates in a perfectly competitive market producing 5,000 computers per day. What is total cost to decrease and profits to increase.
Think about the last time you took a series of tests in a short period of time(high school or college). How did you decide how much time to spend studying for each subject? How might the study of economics help you make that allocation decision in th..
On January 1, Sam took out a $1,000 personal loan from Payday Palace, a hypothetical short-term cash advance company, that charged him a fixed monthly interest rate. On January 31, Sam repaid this loan with interest, for a total repayment of $1,100. ..
If the labor force of 155 million people is growing by 1.2 percent per year, how many new jobs have to be created each month to keep unemployment from increasing? Instructions: Enter your response as a whole number. New jobs per month:
Assume your fixed cost is $250/acre, the variable cost per bushel is $1.22, and you produce 65 bushels/acre. If the price you receive per bushel is $3.83, what is your profit per acre? If the price you receive per bushel is $3.83, what is your breake..
Explain the events below using supply and demand. At a restaurant that does not take reservations, people arriving at 7:30 normally have to wait for an hour, but some people arriving at that time give money to the hostess and are promptly seated.
Illustrate what is the GDP of George's and John's island in terms of clamshells.
A bank currently has $70,000 in deposits, $6,000 in cash in the vault, $12,000 on deposit with the Fed, and $7,000 in government securities. The required reserve ratio is 20 percent. What is the maximum amount the money supply can increase, assuming ..
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