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Based on "Grossly Distorted Picture," how useful do you think GDP is as an economic indicator? What are its limitations as an economic measurement? How is the Human Development Index (HDI) a better barometer of economic well-being? What are its advantages and disadvantages?
1. using a prisoners dilemma game such as the wedding game. explain how a positional arms race can occur. in your
Write about the problem or issue as if you are explaining it to someone who has never taken an economics class.
what do you think is the best solution to the obesity epidemic? what roles can the food and restaurant industries, trial attorneys, government policymakers and regulators, and individual consumers play in a solution, if any
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes
Most of us participate in the economy every day. As households, we can provide labor to companies or government in the input market and we are also consumers of goods and services in product market.
Two employees will be hired at $10.00/hour/employee (including overhead and benefits). Each employee will work an average of 170 hours per month. The average revenue per customer is estimated at $7.00. The variable cost of serving each customer is..
1. assume that a firm has a total product curve given by q 2kl.a graph the total marginal and average product curves
suppose there are two states that do not trade iowa and nebraska. each state produces the same two goods corn and
Delta Electronic Services is an electrical utility firm serving parts of several states. It is planning replacing some of its machine at generating substations and it trying to decide whether it should replace an older,
How many states had an increase in the poverty rate compared to last year Why did this happen What new programs have been initiated to combat poverty at the state or federal levels
if the inverse demand curve is p120-qand the marginal cost is constant at 10how does charging the monopoly a specific
How much substitutability do you suppose exists between inputs in winemaking? How might this factor affect efforts to cut costs?
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