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What are the MPC and APC all about? Compare and contrast these concepts? is it better to have a high propensity to consume or lower? Which people fit the high versus the low category?
Empirical estimate of the price elasticity of demand indicate that teams actually price in the inelastic portion of the demand curve. Give one example why teams might price their tickets like this.
A Publishing company uses 400 printers and 200 printing presses to produce books. Elucidate how should the manager adjust input usage.
What is the independent variable? What is the dependent variable? What is the intercept? What is the slope? Which equation represents demand side? Which equation represents supply side? What are endogenous variables in this model? What are exogenous ..
Suppose that you have been invited to speak to an assembly, athletic players meeting or other group at your former high school. You are talking about your career and what you have achieved.
Imagine a world with two goods, food (F) and shelter (S), and two factors of production, labor (L) and capital (K). Assume that labor and capital can be employed in either sector of the econ omy (the food sector or the shelter sector) and that these ..
Explain the effect that the current unemployment rate may have on yourclientele in the next couple of months and how it could affect your area's overall economic growth
What economic example could be used to demonstrate incentives that were used to "nudge" buyers/sellers
Why would you sell these items through retail stores, or would you try direct marketing.
Merit goods have received considerable attention. Can concerts and other publicly provided services be rationalized using these ideas.
What are the determinants of demand? What happens to the demand curve when any of these determinants change? What is the difference between change in demand and change in quantity demanded?
Why are the Average Cost Curves U-shaped. What is the Law of Diminishing Returns. Discuss a company's two short run options.
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas.
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