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Q1. Briefly summarize this "loanable funds" theory in your own words. Identify at least one important Entrepreneur that you would consider an "Entrepreneurial Legend" and state why you consider the person to be (or have been) exemplary. Your reason for selecting the person should include examples of managerial economics and should include other criteria such as social responsibility and ethics. Remember to cite your authority and be careful not to plaigerize.
Q2. Current price of a case of toothpaste is $42.00, and the CPI has estimated its marginal cost function to be as follows: MC=.006Q. What would happen to the profit maximizing level of output if the market price suddenly rose to $54 per case?
Why do you suppose R was included in the equation as a variable? If you were a supplier to the furniture manufacturer.
"NASA" Please respond to the following: Analyze the methods used by NASA in itsstructured profit approach, and speculate on how VectorCal could possibly use the same structured profit approach with their manufacturing operations. Support your analysi..
Assume Doughnuts R Us chooses to produce 150 doughnuts. What is the number of doughnut shops in the market.
elucidate the social gain from the market for cars. Be sure to show gains and losses to all relevant groups of Americans.
What is wrong with claiming that changes in the distribution of income are associated with trade instead of the technological changes that the article discusses.
Discribe the difference in economic profit between a competitive firm and a monopolist in both athe short and long run. Which should take longer to reach the long-run equilibrium?
Test the hypothesis that median family income increases as the proportion of the labour force with high school education increases.
Derive the long-run average cost and marginal cost equations, and plot them on a graph. At what level of output does average cost reach its low point?
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. As per to these numbers the hospital cost about how much in 2000 dollars. Explain the price of a good is above equilibrium.
Edison Electric Company's president has been arguing that residential electric rates need to be raised relative to industrial rates.
Growth rates in follower nations such as South Korea also Hong Kong averaged about 10 percent every year.
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
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