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Write a 5 page economics research paper about 3-4 economists and entrepreneurs.Thinking about writing about Bill Gate the obvious Oprah another obvious and Steve Jobs. Give biographical information about each, and discuss the contributions of each to the U.S economy. Also, write about the person business' success and failures, and provide info on the policies and theories the individual supports and the impacts of those theories and policies on the U.S. economy.
Assume that a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed following levels of production corresponding to different numbers of workers:
The lumber industry was hit hard by the sub prime mortgage turmoil in 2008. Prices plunged fro m $290 per thousand board feet to less than $200 per thousand board fee t. Many observers bel ieved this p rice decrease was caused by the slowing of ne..
What is the difference between interindustry trade and intra industry trade. What factors determine how important interindustry and intraindustry trade are to monopolistically competitive firms in trading nations.
You are the manager of a firm that manufacturers front and rear windshields for the automobile industry. Due to economies of scale in the industry
What happens to his consumption of Y? Calculate the coefficient of price elasticity and of cross price elasticity. Also draw the demand curves for X and Y, noting the equilibrium points for this consumer before and after the price change in X.
The following outputs considered an intermediate good, a final good, or neither for purposes of calculating GDP in the current year.
Assume that, from an initial consumer equilibrium position, the price of good X falls-explain how and why the consumer's relative consumption of two goods will change.
What could a president or other government policymaker do to raise a contry's standard of living.
Assume that you have drawn a total product curve for labor given a specific technology. Now let some sort of technological change increase the productivity of labor.
Illustrate what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these costs.
What are primarily intended to address the problem of insuring people who do not have health insurance? Would a public national health insurance system reduce total spending on health care in our economy?
Explain in your own words what happened with these companies which caused an international financial crisis. Identify at least one management goal for Fannie Mae and Freddie Mac.
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