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1) What is the public education?
2) What is a knowledge based economy?
3) What is a learning society?
Indicate the different ways an individual could forecast his or her weight 10 years from now. Do these methods change based upon whether the individual is 5, 14, 24, or 45 years old? If so why
Price Elasticity You are advising the stakeholders of a small firm that is one of a handful of manufacturers of disposable contact lenses, wetting solution, and other products related to eye care. What would you say to these stakeholders? Formulate y..
Describe in detail ow a perfectly competitive industry determines the price and quantity. Explain the role of the firm in this market regarding price and quantity determination. Show your answers utilizing a graph for the market as well as the firm.
Assume the demand function for basketballs is given by QD = 150 −3P + 0.1I, where P = price of a basketball, and I = average income of consumers. Also, assume the supply of basketballs is given by QS = 2P. If the market for basketballs is perfectly c..
Do an Internet search on international faux pas. Read about behaviors that are rude or inconsiderate in other cultures that you might not find offensive at all. Are these behaviors considered inappropriate in only one other culture or in many? How mu..
We defined marketing as, “the art and science of getting people to spend their money on your product rather than the other guy’s, and be happy that they did so.” Do you think that’s true? Does some Wizard of Oz person-behind-the-curtain get you to bu..
According to the movie Generation Zero, what are some of the root causes that lead up to the 2008 economic crash in the United States? According to Keynesian economics, what impact would a balanced-budget amendment to our constitution have on our nat..
Firms have excess capacity in the long run under: The firm that uses a price taker is: In the long run, which type of firm may follow "price leadership"? Under perfect competition, in the long run, firms:
In the short-run, if a firm has decreasing returns, does it have increasing, constant, or decreasing marginal cost? Explain. What about if it has constant returns? Increasing returns? Explain.
What is the infant industry argument for protectionism? Is the argument rational or an irrational appeal to emotion? Think carefully about why a country would wish to have particular industries located within their own borders
Zhichao currently has a job in a small city (S) with cheap housing but he has been offered a higher paying job in a big city (B) with expensive housing. His utility function over housing (good x) and all other goods (good y) is U(x,y)=.5*ln(x)+.5*ln(..
Though no horrendous numbers, Americas too died in the trenches of France, and the experience of mass death transformed American society. The United States went into the war to "make the world safe for democracy" but emerged from the war pessimistic,..
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