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Question: How could marginal analysis have been used in 1984 when the tragedy took place at the union carbide in India where the plant released 40 tons of a toxic gas (Methyl Isocyanate) and killed thousands of people in Bhopal? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
Compare the monetary base to M2 on the grounds of controllability and measurability. Which do you prefer as an intermediate target? Why?
Suppose MPC=0.75 and the government pay for the new spending of 100,000 by increasing taxes by 100,000. Calculate the new Y. Could you provide the answer with specific formulas if possible?
You are the manager of a firm that produces and markets a generic type of soft drink in a competitive market. In addition to the large number of generic type of soft products in your market, you also compete against major brands such as Coca-Cola ..
Describe the likely shapes of the offer curves of the importing countries-shapes that enabled the OPEC countries to pursue their trade strategy successfully.
How important is the U.S. deficit in traded goods in regard to the balance of payments? Discuss the importance of balance of payments as an accounting measure.
question 1 consider an economy with the production functionyak25n35.a. suppose the economy is growing at an average
Seven goblins are deciding how to split 100 galleons. The goblins are named Alguff, Bogrod, Eargit, Griphook, Knadug, Ragnuk, and Uric, and they've been rank-ordered in terms of magical power, with Alguff the weakest and Uric the strongest.
The government often has two conflicting roles. It protects consumers by keeping prices fair and promotes a free market (entry of firms). Suppose your firm has a special patent. Do you think patent licenses should expire? Be sure to support your a..
Describe the cutthroat competitors reasons for not raising or lowering his price, thereby accounting for the kink in his demand curve.
Assume beer is an inferior good and the price of beer falls, then the substitution effect results in the person buying (less/more) of the good and income effect results in the person buying (less/more) of the good.
The introduction sets up your response by succinctly stating your understanding of the issues, what you think is the best way to analyse the situation?
Give an example how scarcity of a product would have an impact on a macroeconomic and microeconomic level. Explain your rationale.
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