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Topic 1:
• Can anyone think of problems not fundamentally caused by scarcity?
1. What does scarcity have to do with innovation, toilets, and E-cigarettes?
Topic 2:
• How can specialization and gains from trade apply within households?1. What does the idea of a "sharing economy" mean for specialization and gains from trade?
2. Should heroin be included on an economy's PPF?
Alex works 40 hours a week in the store but receives no compensation. - what s the opportunity cost?
pollys pet store on the island of atlantis has a local monopoly on the grooming of dogs. there are 1000000 citizens of
Assume that Jimmy Cash has $2,500 in his checking account at Folsom Bank and uses his checking account card to withdraw $250 of cash from the bank's ATM machine. By what dollar amount did the M1 money supply change as a result of this single, isol..
Assume that your first salary coming out of UCLA is $63,000, that your boss gives you a promotion every year of 2%. Assuming that the interest rate is 6%, how much would your human capital be worth if you were able to live forever?
A private college adds a small café to its building to cater to the needs of its own students. The total cost of the facilities for the café is $100,000. After a year of operations the college determines that operating the café is interfering with..
National Insurance deduction in October is 6¾% calculated on the total of monthly gross salary plus bonus. Income Tax deduction in October is £430. Calculate the manager's net salary for October.
What is the real interest rate along the balanced growth path - what is the effective saving rate along the balanced growth path?
Find the average time per unity required to produce the first 30 units, if the slope parameter of the learning rate is 92% and the first unit takes 460 hours.
Describe the core principle of the standard and whether or not you are in agreement with the proposed standard.
Economists are in almost globally agreement that Free Trade is good for all countries. Why are they in such universal agreement.
Record the following given transactions of a company in general journal form;
From the information given, calculate the Average Variable Cost when the firm produces 12 units. Round your answer to one decimal.
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