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1. Explain the interdependence of Banks and Railroads and what effect it had on economic development.
2. Explain why southern railroads had a much more difficult financial time then did railroads in the north.
3. What were the issues created by the development of the railroads that created the need for a new and different management and business structure for railroads?
Explain why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run
Elucidate how might this allocation under allocation get resolved via the means suggested by the coase theorem.
Illustrate what is the graph among utility and income,when marginal utility of income increases or deminishes.
Would this have been the result of a change in Demand? If so, why; if not, why not? If not, what was the probable reason?
A monopolist with a straight-line demand curve finds that it can sell one unit at $9 each or nine units at $1 each. Its marginal cost is constant at $4 per unit.
Joe has never trusted banks and always kept his money in cash. Joe pulls out his money jar, discovers that it has $20,000 in it, and decides it is unsafe to keep that much cash. Joe stops at the Local
Elucidate the entities affected by industrial regulation in terms of market structure. Elucidate why industrial regulation affects those entities you identified.
Assume this economy is closed to trade, and compute consumption, government purchases, national saving, and investment.
write an explanation of the short-run effect including the determinant of ad or as that is causing the shift the line
Use an indifference curve-budget line analysis to depict the situations, prior to the ban on smoking, of a student who smoked on campus, and of a student who did not smoke.
The cost leadership approach implicates competing by having a lower cost than one's competitors
Eight friends ate at a restaurant and agreed to share the bill equally. Because Judi forgot her money, each of her seven friends paid an extra $2.50 to cover her portion of the total bill. What was the total bill?
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