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PERT networks use a simple statisticical method to determine the most likely task completion time. Describe how expected activity times and variances can be computed in a PERT network. Describe a situation in which a project manager would choose PERT for their project.
What levels of G and T are needed to both move to full employment at Yf and balance the budget? Now assume economy is operating at full employment and that the budget is balanced. Suppose that the government imposes an income tax with a marginal t..
discuss the differences between the microeconomic definitions of supply and demand and the macroeconomic differences of aggregate supply and demand. Discuss what determines supply and demand and aggregate supply and aggregate demand.
Yesterday you were consuming 4 eggs and 2 strips of bacon. Today you are consuming 3 eggs and 3 strips of bacon. If you have the same taste what might have caused this change? Are you better or worse off?
Why have the prices of pocket calculators of DVD players fallen? What do you think has happened to the costs and economic profits of the firms that make these products?
1. assume that a firm has a total product curve given by q 2kl.a graph the total marginal and average product curves
Take a current environmental issue such as the Hurricane Katrina in New Orleans and examine it from the scientific, economics, and political perspective.
Calculate the present discounted value of each career path at a discount rate of 5% and at a discount rate of 15%.
Ice cream and pie if these are goods that you like, but if you eat too much of either, you get sick of them. If you are sick of a good, eating more of it lowers you utility.
Describe considerations for undertaking macroeconomic stabilization policy including understanding the use and effectiveness of fiscal policy and monetary policy in stabilizing the national economy.
Aside from maximizing profits, assess the factors that managers must consider when making the decision to outsource or integrate forwards or backwards considering which factor would be most influential for decision-making.
Imagine that you are trying to value a particular piece of wilderness that people use for recreational hiking and cycling. While this area has no entrance fee, statistics have been kept on who visits and how frequently they visit the area.
Define carefully what is meant by a demand schedule or curve. State the law of downward-sloping demand. Illustrate the law of downward-sloping demand with two cases from your own experience.
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