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Explain each of these opposing statements, 1) The development of agricultural technologies was beneficial to mankind because it allowed more people to be supported; and 2) The development of agricultural technologies was harmful to mankind because it required people to work harder.
At least 150 words.
There are 20 identical firms that provide car wash services in the town of Dartmouth. Inverse demand for this service is P = 100 – Q. Unit cost is constant and equal to $20. Firms in this industry compete in quantities of cars washed. Suppose the sma..
A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $108,937 million in the first year, but will decline by $2,295 million every year for th..
If your employees are self-interested, how much output would you expect each individual worker to produce absent monitoring.
A firm has $1.5 million in sales, a Lerner index of 0.57, and a marginal cost of $50, and competes against 800 other firms in its relevant market.
Consider the market for copper, an exhaustible resource. Suppose the market is initially in equilibrium, but that an unexpected decrease in demand occurs when consumers learn about a serious mine tailings chemical spill that makes global headlines. W..
If a small country like Israel eliminated all import duties and tariffs could Israel's economy prosper even more as Hong Kong has done with few or no trade barriers?
Aside from retail sales and marketing, identify and discuss two ways that a business could reduce costs or increase profits by using the Internet or Web applications.
Given the following demand and supply curves: (a) Qd= -P+10 and (b) Qs=P. (1) calculate and show the inverse demand function, graph the two lines, and both calculate and label the consumer surplus and producer surplus. add an additional line for marg..
According to studies undertaken by the US Department of Agriculture, the price elasticity of demand for cigarettes is between – 0.3 and – 0.4 and the income elasticity is about + 0.5. Suppose Congress, influenced by studies linking cigarette smoking ..
Why do you think motorcycle makers did not adopt voluntary emissions standards? Should they have done so? Why or why not?
q1. suppose that disposable income consumption and saving in some country are 200 billion 150 billion and 50 billion
normal 0 false false false en-us x-none x-none microsoftinternetexplorer4 q1. assume
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