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Explain how the profit maximizing price and quantity of resources in factor markets under perfect competition are determined by marginal analysis.
Sam’s utility function is U(x1, x2) = 2x1 + x2, where x1 is the number of units of good 1 he consumes per week and x2 is the number of units of good 2 he consumes per week. Sam has $200 a week to spend.If he belonged to the club, he could buy good 2 ..
For this assignment you are revisiting the scenario presented in the Module 02 Course Project assignment (Kantianism vs. Utilitarianism). As you will recall, this is where the company you work for is faced with a decision regarding where to produce t..
A firm is currently producing 80 units of output. At this level of output produced, P = 150 and ATC = 120. Also assume that MC = 130 and MR is constant at all output levels and equal to 150. Is this firm making profits? If so, what are these profits?
The voting members of the Federal Open Market Committee are
Conversion Program for javascript: A program that asks the user to enter a distance in meters. The program will then present the following menu of selections:
Peter Drucker’s definition of entrepreneurship. What are specific aspects of the definition that are important to you? Drucker provided four possible sources of change. What are they? Which one do you think is most important?
Address what inflation is and how it is measured. Then, discuss the role it plays in our economy and list some specific strategies that can be used.
Your state is considering purchasing a new snow plow of the options shown below. The state uses an MARR of 10%. What is the Rate of Return for each option? What is the Rate of Return of the additional investment for the more expensive option? Which s..
When the required reserve ratio is 25% and a depositor withdraws $700 from his checkable bank deposit, the money supply will potentially.
Why are energy and food left out of the calculation of core inflation? On an individual level, does the core inflation rate accurately reflect the rate of inflation you face on a monthly basis? If not, what would be your "basket" of goods and service..
The government is a one size fits all solution and at its core involves force and threats. The market is voluntary and at its core involves cooperation. Therefore the market is a more moral arrangement. Discuss. Scan the Internet for examples of h..
What is your opportunity cost for four years of college?
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