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How has organizing a successful firm in a market economy changed over the last century?
a) There has been no change over the last century.
b) It has become easier as more and more firms discover how to do it.
c) As government intervention has decreased, firms now have more freedom.
d) It has become more difficult to organize an efficient and successful firm.
Suppose you were having lunch withyour best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was, commenting that he saw no useful purpose for economics.
Critically evaluate the pattern of potentially anti-competitive activities by Microsoft towards its competitors. Do you think that the government should always try to eliminate monopoly power? Substantiate your solution with facts in the case ..
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?
a rural utility company provides standby power to pumping stations using diesel-powered generators. an alternative has
Is it a good idea for the government to require automobile manufacturers to include pollution control devices, and certain safety devices (i.e. air bags) in every car sold in the U.S.? Explain from the context of the definition of externalities.
Draw a graph of the aggregate production function with capital, K, on the horizontal axis. Why does it have the shape that you have drawn?
Look at some of the news reports on the current election campaigns. State a claim made by a candidate that is an example of the fallacy of false cause. How do economists attempt to avoid this problem
evaluate the following statement i am a manager in a governmental agency. i have no control over compensation policy.
suppose two industries each consist of five firms with the following market shares.industry a industry bfirm 1 50 firm
Are you for or against free trade Are you for or against NAFTA What is the economic basis for trade Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
question 1.what do you understand by the terms inflation and unemployment? identify their main elements and causes.
consider the following utility function uxy maxx 3ya draw the indifferent curve for this utility function.b find the
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