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1. What is Malthus’ theory of effective demand?
2. What is Malthus’ solution to the problem of general gluts?
3. Describe how Ricardo and Malthus came to different conclusions concerning the Corn Laws.
4. Hunt states in chapter 5 that the utility theory of value supports the social harmony view of the invisible hand in the market. Describe.
5. Describe why the labor theory of value of the classical economists supports the conflictual view of the market economy. Use examples.
You've recently learned that the company where you work is being sold for $380,000. The company's income statement indicates current profits of $15,000, which have yet to be paid out as dividends.
Suppose you are an Executive Chef at a private hotel on the beach in Florida, with sixty rooms; a banquet facility serving up to 175; a coffee bar in lounge, which also provide complimentary cold breakfast;
consider the market for frozen concentrated orange juice which is a constant-cost industry. the long-run total costs of
new good or service business proposal selectnbspa new good or service for an existing business or a business that you
riordan manufacturing has decided to make a change to companys customer management system. the company does not
Analyze the effects of a change in money supply in an open economy under a flexible exchange value system. How are your conclusion affected by the adoption of a fixed exchange rate?
4. The manufacture of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for the product are assumed to be as follows: TC = 500,000 + 0.85Q + 0.015Q2 and Q =14,166 - 16.6..
What is the group preference according to the plurality rule and what is the group choice according to the Borda count rule
BusinessWeek recently declared
Affect resource conservation and the speed of depletion?
The lodging industry
How do you think the principles of price elasticity of demand might be applied to the pricing of public goods? Explain your reasoning and assumptions, as well as how it might affect efficiency.
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