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1. What exactly is pluralism, ethnicity, and the concept of 'social construction of ethnicity?
What is the opportunity cost of one more candy bar? What is the opportunity cost of one more bag of peanuts? How do the opportunity costs change - Determine the average variable cost?
Using the relationship between the price of a visit to a physiotherapist and the quantity of visits demanded, define and distinguish among the direction, the slope, and the position of an economic relationship.
A case study states that the concession stand accounts for well over half the profits at most theaters. Determine, what are the benefits of staggered movie times allowed through multiple screens?
The company sells its beer at a premium and reports a large profit each year. Is this firm necessarily making economic profits? Explain.
Analyze the principal forces acting upon the supply and demand the company is experiencing, using any financial information you feel is relevant.
Suppose the required reserve ratio is 0.20. Total bank deposits are $200 million and the bank holds $50 million in reserves. How much more money could the bank create if it does not hold excess reserves?
There has been an increased emphasis on compensating employees through incentive pay. High incentive pay, however, is not likely to be productive in all settings. Discuss the factors that are likely to favor paying high incentive pay to employees.
A new manager recently was given an project to make two possible wage schemes for a design firm. The manager came up with the following packages:
It is often argued that international convergence of economic indicators is a desirable objective. Does this mean that countries should all seek to achieve the same rate of economic growth, monetary growth, interest rates, and budget deficits as a pe..
Consider a manufacturer with 2-factories. They can make at either factory or both. However, we need to consider the quantities that will be produced at every factory.
1.Why is the profit maximising price under monopoly greater than marginal cost? In what way can this be seen as inefficient?
Two men, Tom Hanks and Forest Gump, have been marooned separately on the same deserted island. Does Tom have a comparative advantage in producing both products? Explain.
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