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"Science Knowledge grows on the basis of either human curiosity or human need". Explain this statement with the help of two examples. Answer should not be in more than 250 words.
When Burton Denson graduated with honors from the American Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truckers that his revenues were typically $25,000 per month
amy has a utility functionuxyz x2lnylnza what kind of preferences does amy have? explain. what does this mean for her
problem 1 in the model of a dominant firm assume that the fringe. supply curve is given by q -1 0.2p where p is
Two metal blocks, one at 50o, and the other at 0o are set next to each other in a perfectly insulted box at time t = 0. At this instant are the blocks in thermal equilibrium? Now suppose you wait a long time. Are they in equilibrium now?
What is the present value of your wealth at the beginning of your life, what is the largest constant consumption stream you can afford and what borrowing/lending strategy you will use to accomplish b.
Government spending is often too small to have the impact that governments usually want to see on the economy. However, something occurs in the economy after the initial government injection which makes the end result much larger.
the purpose of the discussion board is to allow students to learn through sharing ideas and experiences as they relate
Discuss a firm's objective relative to its economic cost. Describe each of the firm's economic cost, and whether these would be considered explicit or implicit. What is the difference between an economic profit and an accounting profit.
No one will buy the good if the price is above $80 and no one will sell the good if the price is below $20. The equilibrium price and quantity if this market is perfectly competitive would be $40 at a quantity of 20.
examine two 2 organizational forms of business e.g. functional product etc.. predict the possible implications of the
What happens to the federal funds rate when the Federal Reserve increases bank excess reserves and the money supply through open market operations What happens to the federal funds rate when the Federal Reserve decreases.
A consumer’s utility function is U(x, y) = 2xy2 . The price of x is Px, theprice of y is Py, and the consumer’s income is I. (x and y do not have to be integers.)a) Derive the equation of the consumer’s demand curve for x.b) With y on the vertical ax..
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