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The Alliance pays the Blue Hands men to seize the crew of Serenity. They pay $126,000 to have six crew members seized or killed. Each arrest costs twice as much as the previous one. What is the marginal cost of the fifth arrest?
Using diagrams for aggregate expenditures (AE) and aggregate demand and supply (AD-AS), show the short-run effects each of the following events has on the Canadian economy.
For each of the following sets of supply and demand curves, calculate equilibrium price and quantity.
The demand for housing is often described as being highly cyclical and very sensative to housing prices and interest rates. Given these characteristics, describe the effect of each of the following in terms of whether it would increase or decrease th..
The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain..
Define the concepts of interconnectedness and complexity as it relates to urban planning. Why are these two concepts so important to urban planning? Explain what Woodrow Wilson (1887) meant when he claimed that politics and administration should be c..
Menu costs arise from the way inflation: Unit-of-account costs arise from the way inflation makes... Shoe-leather costs arise from the way inflation..
When economists speak of "marginal," they mean. Managers undertake an investment only if. Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units. Which of the following is true if marginal cost is constant?
Explain two prejudices that you carry and analyze how you can reduce those prejudices with the help of the prejudice-reduction techniques given in the textbook. Imagine you are a teacher in a classroom and you see a few students expressing prejudice ..
Compute the aggregate demand curve and aggregate supply curve that would maintain the state of economy in less than full-employment level of real GDP.
Use examples both numerical and explanations to make your case. Give an example of a real world situation where two or more firms in a certain industry would be better off if they came together and behaved like a monopoly.
Elucidate the implication of the efficiency wage theory for unemployment. In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficiency wages.
A large wood products company is negotiating a contract to sell plywood overseas. the fixed cost that can be allocated to the production of plywood is $800,000 per month. The variable cost per thousand board feet is $155.50 the price charged will be ..
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