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Topic: Your Own Business
Assume that you are going to start a small business of your own.
Describe the business and discuss the following:
a. What costs you would incur;b. What competition you might experience;c. How you would determine the price you would sell your product; and,d. How much product you would produce?
Describe general and categorical grants. Which type of grant is likely to be most effective at increasing public service expenditure? Explain.
determine the effects of an increase in the capital stock on current equilibrium output, employment, the real wage, the real interest.
Using a supply-demand diagram, show a labor market with a binding minimum wage. Now, use the diagram to show those who are helped by the minimum wage, and those who are hurt by the minimum wage.
The coconut oil demand function is Q=1,200-9.5PC+16.2Pp+0.2M where Q is the quantity of coconut oil demanded in thousands of metric tons per year, PC is the price of coconut oil in cents per pound, Pp is the price of palm oil in cents per pound, and ..
How do you think computers have helped to improve documentation, support and services within the healthcare industry?
Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
Assume the average whole price of a wireless phone is curently $50. Do you think this company should enter the market.
Elucidate the consumers opportunity set in a diagram. Explain how does this change alter the market rate of substitution between goods x and y.
Lenny was a resident of Maine and Milly was a resident of Arizona. Both went on vacation to Nevada. When on the golf course, Lenny drove the golf car recklessly, hit Milly, breaking her back. Milly suffered damages of $84,000. Indicate which states ..
In the market for soccer balls are selling in a purely competitive market. A firm in the soccer ball market has an output of 5,000 balls, which it sells for $10 each. At the output level of 5,000 the average variable cost is $6.00, the average total ..
The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is esti..
Take a closer look at our local economy and pick a good or a service that you believe America has a comparative advantage in producing.
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