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Identify an economic issue that both parties address and compare and contrast their views on that issue. Generally speaking, how much of the disagreement is based on normative economics compared to positive economics?
A monopolist has a linear inverse demand of: P(q) = 100 - (1/4)q and has a cost function of: C(q) = 2438 + 4q What are the monopolistic market price, quantity and prots
Consider a 2 good exchange economy with 2 consumers. Consumer A'spreference is u(x1,x2) = lnx1 + ln x2. B's preference is represented by U(x1,x2) = 2 ln(x1) + ln (x2). Suppose the initial endowments are (5,7) for A and (10,8) for B.
Profit sharing is not widely practiced in the franchise business. What are its disadvantages relative to revenue sharing?
What is the purpose of a continuous improvement program? What role does HRM play in assisting continuing improvements?
Compute the ATC for the small plant and large plant.
In the financial market model, we are modeling in what form people want to hold their fi- nancial wealth - the value of financial assets minus financial liabilities. Note that wealth is not the same thing as savings or income.
Why would your enthusiasm for rent control wane over time?
Use the data above to graph the aggregate demand and aggregate supply curves. What is the equilibrium price level and the equilibrium level of real output in this hypothetical economy Is the equilibrium real output also necessarily the full-employ..
skilled technicians using equipment produced by two leading competitors in the medical equipment industry. Records for the current year show an average of 24 tests per hour performed on the A-1, and 51 tests per hour on a new machine, the Caltec.
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, she can raise 200 pounds of potatoes per y..
Its total cost of production is given by TC = 800 + 18 Q + 2 Q2, and thus its marginal cost is MC = 18 + 4 Q. The market price is currently P = $54. In the short run, what is the volume of output that maximizes Commodity Inc.'s profits.
Assume that the demand for real money balance (M/P)= is M/p = 0.6Y-100i, where Y is national income and i is the nominal interest rate. The real interest rate r is fixed at 3 percent by the investment and saving functions.
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