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What are the strength, the weakness, the opportunities and the threats for the city of Tacoma economic development.
Why does the entry of firms into an industry decrease the economic profits of the existing firms? Why does the exit of firms from an industry increase the economic profits of the existing firms?
The Disney Company regularly offers coupons good for discounted admissions into its amusement parks. However, they never offer any discounts on merchandise inside the parks (food; souvenirs; etc.). How can you explain this difference using the concep..
How can international trade theory explain intra-industry trade? why might we except intra-industry trade based on scale economies to be less politically controversial than intra-industry trade based on comparative advangate?
Why is it important, for an open economy, that investment not be consistently higher than saving? If this occurs how does it relate to national consumption, balance of trade and saving?
Assume that the economy is starting at a long-run equilibrium. Suppose firms become very optimistic about business conditions and invest heavily in new capital equipment. Assume there is no change in the long-run aggregate supply curve. What is the e..
Production Functions and Marginal Products: How do inputs turn into outputs? Iso-quants/-costs and cost-minimization: What’s the best way to produce a given level of output? Supply: How does output respond to changes in output price, at the firm and ..
In which of the three market arenas is each of the following goods traded?
Josh Malam is investing $7,500 in a bank C.D. that pays 6% interest annually. How much will the C.D. Be worth in five years? Show work.
Between 1970 and 1976, average inflation rate of Country X was about 35 percent per year. With that rate of inflation, prices would double about every ________ using the rule of 70.
Suppose a local bank increases the fees they charge for their bank accounts by 20 percent. In response, the demand for their bank accounts decreases from 50,000 to 45,000. What is price elasticity of demand for this bank's accounts? Using the midpoin..
Savings of $5600 per year can be achieved through either a $14 000 machine (A) with a sevenyear service life and a $2000 salvage value, or a $25 000 machine (B) with a ten-year service life and a $10 000 salvage value. If the MARR is 9 percent, which..
Draw a correctly labeled aggregate demand and aggregate supply graph illustrating an economy that was experiencing a recessionary gap. From the perspective of classical economics, model what adjustment is likely to take place in either a product or f..
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