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Develop a list of resources you might use to gather historical economic data as well as economic forecast data. (1-2 resources, EXCLUDING the Bureau of Economic Analysis) Explain how and why each source is valuable and useful. Identify any quantitative or qualitative forecasting factors contained in the sources.
Rivalry and excludability are the two characteristics of goods that are produced through the competitive market system. Compare and contrast the difference in private and public goods based on these two characteristics.
Illustrate with a diagram and explain the long-run perfectly competitive equilibrium for the firm and explain and illustrate using a diagram why a monopolist would never produce in the inelastic range of the demand curve.
Risk exists when
Explain why a customer who select a consumption bundle in which relative price exceeds the marginal rate of substitution can not be at an optimum.
A firm that sells e-books – books in digital form downloadable from the Internet – sells all e-books relating to do-it-yourself topics home plumbing, gardening, and so on at the same price.
To mitigate agency problems between senior executives and shareholders, should the compensation committee of the board devote more to executive salary and bonus(cash compensation) or more to long term incentives.
Why might economists prefer tariffs to quotas?
Why does the assumption of independence of risks matter in the example of insurance? What would happen to premiums if the probabilities of houses burning were positively correlated? Can you think of a situation where they might be negatively corre..
Assume an airline flying on the New York - Chicago route has estimated the demand curves for three different types of customers: business (no advance purchase), leisure (7 day advance purchase), and discount (14 day advance purchase) travelers.
One additional advantage Microsoft has is its ability to create a variety of Vista products, some of which have more features than others. Does it make sense for Microsoft to differentiate its product into basic and ultimate Vista editions
1. Why is the production of a combination of goods that is located inside the production possibilities curve considered to be inefficient 2. How can there be gains from trade even when total of production goods and service doesn't change 3. Why does..
with current technology consider a firm is producing 400 loaves of bread daily. suppose that the least cost combination
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