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Exercise has great positive externality on society in terms of health, economic and social cost of preventable diseases. Explain, with the use of demand and supply diagrams, the impact on equilibrium price and quantity of membership to health clubs from the simultaneous impact of an effective advertising campaign by the National Health Council and the reduction of company tax for health clubs providers.
Two firms are planning their marketing strategies. Firm K can earn $25 million in profits from strategy S if firm L responds with strategy P, and $7.5 million in profit from S if L responds with strategy Q. Firm K can follow strategy T, which returns..
illustrate what would need to reduce the supply of money if Canada was an open economy with a flexible exchange rate.
In 2013, American Airline wa charging $ 2,386 for round trip, non-stop and unresticted ticket between Boston and Dallas, but the price has been cut in half to $ 1, 698. (1) What can you say about the price elassticity of business travel damand on tho..
Why might the U.S. have a comparative advantage in bioinformatics but not in manufacturing and steel making.
If the economy decides to achieve the Golden Rule level of capital also actually reaches it, illustrate what will be the marginal product of capital.
What would always happen in a competitive market if supply shifts out (or shifts right) and demand shifts in (or shifts left/down)? Why do firms earn zero profits in the long run in markets with monopolistic competition? Consider a perfectly competit..
if possible, your most preferred to least preferred type of shock: positive demand shock, negative demand shock, positive supply shock, negative supply shock. Explain how would you rank them and why.
Illustrat what are the advantages of using capital in the production process. What is meant by the term "division of labor".
what amount of additional government spending (without changing taxes) would be needed to reach the desired increase of GDP? 2) what change in total amount of direct taxes (without changing government spending) would be necessary to reach the same in..
The mandatory analysis comparing the percent of minorities and women in the community in each job category with the percent employed by a government contractor is known as:
Describe atleast 4 ways in which a firm can limit a worker's shirking. Ground your answer in an explicit theoretical framework(that you clearly state) that explains worker shirking behaviour.
the probability of damage between $10,000 and $25,000 to be.12 If the company wants to make a profit of $200 above the expected cots, what should be the price of the policy?
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