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"If we allow free trade in the automobile industry, some automobile workers will lose their jobs. This unemployment will make society worse off." What advantage of free trade does this argument overlook? How might the unemployment be alleviated at lower cost than the cost imposed by a tariff?
If Fly Right were to go out of business, it would be able to rent its plane to another airline for $30,000. Which airline has lower costs.
What is the process of management? What are the two major reasons you would want to become a manager or would not like to become a manager? Identify and briefly describe at least five of the major challenges facing the global managerial worker. Suppo..
Explain why the food stamp program can have the same effect on the consumption pattern and well-being of recipients as an outright.
q. 1. suggest how an economist would approach the problem of alcohol abuse. provide two possible solutions to this
On Jan. 1, 1965, you purchased a small house in Alameda, California for $20,000. On Jan. 1, 2015, you sold the house for $900,000. What is the effective annual rate of return (compounded annually) on this investment?
Suppose that Coca-Cola is currently paying a dividend of $1.75 per share, the dividend is expected to grow at a rate of 5% per year, and the rate of return investors require to buy Coca-Cola’s stock is 8%. Calculate the price per share for Coca-Cola’..
Suppose K = 1,000; L = 200 workers; and M = value of all materials use at 450. Derive the total product or output. Find and interpret the output elasticity (or elasticity’s).
A representative of the Environmental Protection Agency (EPA) wants to select samples of 5 landfills. The director has 10 landfills from which she can collect samples. How many different samples are possible?
The market demand function is Q=80-p. Describe the profit maximizing input use, the output price, and the monopolist's profit.
Evaluate the strength of your brgaining position for each option. Which of these would be the most advantageous?
Assume there is uncertainty about the cost of disposing of the waste: there is a fifty-fifty chance that they will be $10,000 or $30,000. How this uncertainty affects the cost-benefit calculation, if the government is risk neutral, or very risk avers..
Can the government make things worse by intervening in markets? Are there other options outside the markets and government that will fix macroeconomic failure?
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