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What has happened to U.S. household debt over the past three years? What has happened to U.S. household savings over the same time period? Please include at least one piece of data to support your answer.
Efficiency is a hot topic in the media regarding transportation, energy, and many other industries. Elucidate how perfectly competitive markets use or do not use resources efficiently.
Labor demand for low skilled workers inthe U.S. is w=40-.15L where L is the number of workers (inmillions) and w is the hourly wage. There are 180 million domesticU.S. low-skilled workers who supply labor inelastically.
A new tennis court complex is planned. Both alternatives will last 18 years, and the interest rate is 7%. Use present worth analysis to determine which should be selected.
Explain are there any present events in the news that you can directly link to concepts or theories covered so far.
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees In many smaller cities all McDonald's outlets are owned by the same franchisee.
Suppose the U.S. economy is in a recession and there is rising inflation. Suppose you are in charge of monetary, fiscal, and exchange rate (i.e., influencing the value of the dollar) policies.
The company has already spent $150,000 on research and development for the drug. The first round of clinical trials has been performed cost $75,000 and the results from the trials were promising. The company is considering whether to proceed with ..
According to some translations, Nobel laureate Albert Einstein once said, " God does not play dice with the universe." Does this mean that a profit-maximizing firm would never use something like dice or a roulette wheel to help shape its pricing d..
Sheldon Corporation loans $80,000 interest-free for one year to Lynn, an employee. Assume that the applicable federal rate of interest is 5 percent. Lynn uses the loan to pay for personal debts.
Suppose a recent and widely circulated medical article reports new benefits of exercise. Simultaneously, the price of the parts needed to make bikes falls. What is the likely effect on the equilibrium price and quantity of exercise bikes sold
What is monopolistic competition and why/where is it different from perfect competition Explore how firms in monopolistic competition differentiate their products or services to generate a market niche and gain more control over their pricing.
Assume Madison has sixteen hours in the day for work or leisure. She earns $5 an hour and receives $15 each day in non-labor income.
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