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If it makes sense that one type of labor can substitute for another in production, how can capital, a physical object, substitute for labor, a human being?
The marginal damage to your neighbor's business is a function of how many alligators you keep and the amount of money spent on a fence that separates your properties:
So if trade barrier is reduced the Chinese economy will go down also affects the economy of the whole world. Do you agree or disagree with this argument.
Why do celebrity icons receive such widespread attention and adulation
Illustrate what is the meaning of economies of scope and explain how do they differ from economies of scale.
Explain how did the early classical economists view the relation between productions also consumption.
What is the dominant source of capital funding in the United States? Given this result and the fact that most corporations are net borrowers, what decisions must most managers face in order to address this financial deficit?
What happens to price of a bond that pays a fixed percent of face value every year when interest rates in economy increase.
Determine the market rate of substitution. (b) In your graph show the budget set. (c) If PX doubles, what happens to the budget constraint. Show this effect in your graph. (d) What is the meaning of the slope of the two budget constraints?
studies on the comparative work habits of the wealthy tell a different story. Research by professors Mark Aguiar. Explain which wealthy person has reservation wage.
How many units of labor should be employed? b. How many units of capital should be employed? c. What would be the total cost of production?
President and Congress change budget accordingly, but after 18 months, GDP only increased by three quarters of expected amount. Illustrate what factors might be responsible for this situation.
explain how lower coffee bean output in brazil, vietnam, columbia and central america are affecting this market. explain what has been happenning in this market.
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