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What is a corner point? Why do solutions to linear-programming problems focus on corner points?
Illustrate what is explict opportunicy cost of attending college. what is an implicit opportunity cost of attending college.
What is the solution of the Solow model for consumption per person in the steady state, c ∗ = C ∗/L∗ ? How does each parameter in the solution affect c ∗ , and why?
Calculate the Equilibrium buyers and sellers price with no sales tax, and then with 20% sales tax. Assume: S(P^-)=50 + 3P^- D(P^+)=370-3P^+
Assume that the market for unskilled fast food workers is given by the following equations: Find the equilibrium price and quantity solving the two equations. Show graphically the demand and supply curve and mark the equilibrium wage on the graph.
The management of an electronics manufacturing firm believes it is desirable to automate its production facility. The automated equipment would
How is it possible for many price elasticities to be associated with a single demand curve? Rank the following in order of increasing (from negative to positive) cross-price elasticity of demand with coffee. Explain your reasoning please: Bleach Tea ..
You are a physician and your daughter has always wanted to be a physician too. She now wonders if she should invest the time and money
What is the relationship between social auditing and crisis management? What can organizations do to become better prepared for preventing and responding to ethical misconduct?
The United States has formally withdrawn from the Trans Pacific Partnership, a trade agreement that would create a trade partnership.
Suppose that a consumer wants to maximize his happiness as expressed by utility function u(c1, c2). Her income is M and the prices of goods 1 and 2 are p1 and p2, respectively. The consumer faces non-negativity constraints.
Between 1995 and 2000, the S&P 500 more than doubled as the U.S. experienced a technology-driven stock market boom. How does a stock market boom affect GDP? Your answer should include a discussion of the impact on relevant components of GDP.
What happened in the current year to real GDP, consumption and investment. Think of some real world cases to which this quetion applies?
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