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Present a thorough analysis of economic growth. What are the factors that contribute to economic growth? Provide your perspective as to what our society can do to enhance economic growth.
Draw a hypothetical supply curve for long-stem roses on Valentine’s Day. Label your graph completely. The price of a dozen long-stem roses on Valentine’s Day often tops $80, while on any other day the price is closer to $50. Of course, many more rose..
Discuss Malthus' reaction to capitalism. How might we understand this reaction? Does his population thesis retain any validity for today's world? Outline Marx's attack on capitalism. How has capitalism changed in ways unanticipated by Marx?
We manufacturer automobiles given the production function q = 5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor). If w..
Consider a Bertrand oligopoly consisting of four firms that produce an identical product at a marginal cost of $180. The inverse market demand for this product is P = 1000 -2Q. Determine the equilibrium level of output in the market. Determine the eq..
Because Ryan got a flu vaccine, his roommate Mitch who had a low immune system was spared from getting the flu. This is even without Mitch paying for and getting a vaccine. This implication in this specific story is that because of
Which one of the following is a key report that a new business owner should be prepared to generate? Which of the following accounts requires both a cash register and a petty cash register available to record all outflow of funds? A small business ow..
If one draws MC curves pre and post innovation as well as the Marginal Revenue line for a monopoly and the MR in a competitive situation.
Why are the monopolist's and the monopolistically competitive firm's demand curves downward sloping while the competitive firm's demand curve is horizontal?
Discuss. “The internationalization of banking has weakened national safeguards against banking collapse, but at the same time it has made the need for effective safeguards more urgent.”
Suppose an economy has the following production function, Y=K^1/3 (AL)^2/3. Furthermore, suppose that that the growth rate of capital is 3%, the growth rate of the population is 4% and the growth rate of technology is 2%. Derive the equation for the ..
Assume that rather than buying textbooks for their courses last year, all students decided to buy online access cards at $100 per textbook. Compute the total cost for this basket of goods and the CPI.
A large electronics company is organized into mainly profit-center divisions. The components division and the consumer electronics division are profit-center divisions of the company. The consumer electronics division assembles components into device..
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