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A major contributing factor in the start of the slave trade in the New World was?
a. The discovery of gold and silver
b. Industrial revolution
c. The destruction of the Native populations
d. Mercantilism
Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Include at least one graph developed in our course.
Considering political disposition as an axis of product differentiation does vertical or horizontal differentiation best categorize it.
On your graph, label production and consumption of cars and sugar in Home. H. Is trade beneficial to Home and Foreign.
A firm purchased some equipment at a very favourable price of $30,000. The equipment resulted in an annual net saving of $1,000 per year during the 8 years it was used. At the end of 8 years, the equipment was sold for $40,000. Assuming interest at 8..
Describe the shape of the average total cost function and also label the minimum point on the curve.
Describe a nonverbal communication technique that you will use to persuade your co-owner that your proposal is a win-win proposition.
q.assume that over the short run say the next five years demand for opec oil is given by q 57.5 -.5p or equivalently p
Contrast two or three key economic factors for this country with the United State economy also comment.
You are the manager of a firm that receives revenues of $40,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restrict..
State whether the following firms are experiencing economies of scale or diseconomies of scale.
Construction contractors are the buyers of Portland cement, a key ingredient in concrete. Neither construction contractors nor their customers use much coal. Portland cement is produced in large coal-fired kilns, so Portland cement producers use a la..
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