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Provide a graphical analysis to explain why a firm would exit the industry and the effect of its exit on the industry. (Hint: Use MR and MC approach and short-run competitive equilibrium for a firm and industry to graph the effect)
Think an economy with following Cobb Douglas production function; Determine the equation describing the demand for labor in this economy?
how is marriage like a decision to build a new factory? which decision is easier to reverse?do workers choose to work
The U.S. trade deficit is currently running over $50 billion per month. Explain why this is bad for the country in the long run. Compare the view of the older GATT treaty, and more recently, the World Trade Organization, of how trade deficits sho..
Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?
An economy can be stimulated by printing more money. Illustrate what are the dangers of doing that. Inflation can be decreased by reducing the money supply.
Suppose your average unpaid balance is $1000 each month and your credit card's interest rate is 18 percent. What should be your total interest expense for the years?
Halley's comet has a period of approximately 76 years, and it moves in an elliptical orbit in which its distance from the Sun at closest approach is a small fraction of its maximum distance.
Consider the following responses to the event of a hurricane. For this discussion: you do not need to provide an answer for each of the owners' responses, but do give your economics reasoning to support the conclusion that you've drawn with respe..
You only need to refer to the 3 or 4 papers that you think are the most important. Use economics journals for your references, for example, Journal of Health Economics, Rand Journal, American Economic Review, etc.
A news report on NPR declared that the average hourly rate for 2014 was $30.56. You believe, based on your analysis from the case studies, that the average hourly wage is different than what was reported on the radio. Perform an appropriate hypoth..
Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production. Also, explain how interest rates impact the availability of investment capital.
Payroll and order entry are examples of transaction processing systems. Another example is the check-processing systems employed by banks. Consider how the check processing system is similar to and different from the two examples (payroll & order ..
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