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Does a grade point average (GPA) score truly reflect academic ability? Is it reliable and valid? Does a student's first year GPA predict his or her final year GPA? Explain your answers.
suppose that new producers enter the market and the supply increases to: Qs = -500 + 10P. What is the new equilibrium price and output level? (g.) Show these changes on the graph
Draw two markets, one for skilled workers and one for unskilled workers. If the number of unskilled workers is rising due to immigration (both legal and illegal) and the demand for skilled workers is rising, what occurs in the two markets?
What kind of information would be displayed on the FAQ page? What is the most common form of asynchronous e-service?
Suppose there are 13 firms in an industry; in the absence of regulation, each of them emits 4 tons of pollution (so aggregate industry emissions are 52 tons). What would be the equilibrium price of a permit? Calculate the total cost of pollution abat..
Today we see a lot of activity within the international trade arena as the U.S. trade deficit has soared to a record high. Trade is designed to create bigger market opportunities, so why is the balance of trade so out of balance for the U.S.? Is it b..
A non-discriminating monoponist firm’s demand for labor can be written as VMPE = 30 - 0.005E. Labor is supplied to the firm according to w = 5 + 0.01E. Thus the firm’s marginal cost of hiring workers when it hires off of this supply schedule is MCE =..
The following equation represents the weekly demand that a local theater faces. Determine the profit maximizing ticket price for the theater. What is the price elasticity of its demand at this price? What is the elasticity of its demand with respect ..
Pear Inc. is a monopolist producing the iWatch, a wristwatch mobile communication device. The iWatch is a device that will last for exactly two periods, after everyone will switch to Boogle Glass, a eyeglass mobile communication device that is not ye..
What are the dimensions of sustainable community development. Name four and explain their interrelatedness. What are the three aspects or roles of the biosphere reserves? In your own opinion, which one of the three roles are the most important.
The common currency in Europe was created because (a) governments had come to the conclusion that the system of floating exchange rates floating exchange rates contributed to continuous trade imbalances, or because (b) they believed that a common cur..
Assuming that Dilbert continues to have access to his company’s valuable technology trash, can Dilbert argue that his job is especially lucrative because he can sell the old power cords and other “trash” for an added income stream above his paid sala..
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
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