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Q1. Edison Electric Company's president has been arguing that residential electric rates need to be raised relative to industrial rates. His reason is that the rate of return that the company earns on its assets is higher from its industrial customers than from its residential customers. Is this a good reason? Explain how can Edison determine its assets dedicated to the two classes of customers?
Q2. Real GDP was $4719 billion in year 1 and $4848 billion in year 2. In contrast, real GDP per capita in year 1 was $19261, but in year 2 it was only 19162. Why did one measure increase while the other measure decreased?
So if trade barrier is reduced the Chinese economy will go down also affects the economy of the whole world. Do you agree or disagree with this argument.
describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment
Suppose a wage increase from $25 to $27 an hour increases the number of job applicants from 52 to 66. Illustrate what is the price elasticity of labor supply.
Assess the value of healthcare professionals and decision makers understanding the discipline of health economics. Defend or critique the importance of considering the complex nature of health and healthcare when examining the economic principles rel..
To explore the implications of this view, suppose that an economy consumes all wage income and saves all capital income. Show that if the factors of production earn their marginal product, this economy reaches the Golden Rule level of capital.
external benefit generated by sale of marginal widget is $100, regardless of how many widgets are purchased.
Using the concept of opportunity cost also PPF explain the phrase affluence tomorrow requires sacrifices today
a. choose a country and from last next 4 weeks collect as much current economic data data that will be released over
Each of the estimated coefficients statistically significant at the 95 per cent confidence interval. What is the optimal output level.
Under what circumstances is objective function more important than constraints in a linear programming model. Under what circumstances are constraints more important than objective function in a linear programming model.
Imagine a nonprofit organization trying to raise funds for cancer research. What types of strategic alternatives might such an organization develop?
q.suppose you are the manager of a home-building company and the government is considering eliminating the
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