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1. Making a pizza by human
2. Making a pizza by automative vendor machine
3. Making a frozen pizza
What options are available for increasing the rate of output?
Is one such option more desirable than the others over the long run?
In an oligopolistic market, firms pay close attention to the strategies of their rivals. In monopolistic competition, with a large number of sellers, it is assumed that there is not this kind of rivalry, or interdependence. Why is there probably some..
Consider a country that was debating whether to adopt the gold standard during the heyday of that international monetary arrangement. What difference would the level at which the price of gold was set by the central bank make for the level of economi..
Is there a property rights policy that would address the issue of climate change? If so, describe it and explain why it would work. If not, explain why not.
The company rents roller cutters and crimping machines for $16 per hour, and the marginal product of capital is 100 rollers per hour. Illustrate what do you think the previous manager should have done to keep his job.
Assuming the labor supply curve to an occupation is upward sloping, economic rent is earned by:
Compare the Euro downfall with the other major currencies of the world over? In regards with the negative interest rate they implemented.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Explain four major potential advantages of foreign direct investment for a developing country? Provide specific example of a developing country to depict at least two advantages
A set of cash flows begins at $200,000 at the end of year 1. It deceases by 10% at the end of year 2 and so on, until n = 10 years. If the MARR = 8%, what is the PW of the flow? Lucky Linda, a very good Avon salesperson, is averaging $100,000 per yea..
Why is the money multiplier considered to be a potential multiplier rather than an indication of exactly how much multiplication should be expected?
The last time the U.S. Post Office raised its prices for mail service critics of the rate increase argued that the Post Office's revenues would actually decline as a result of the price increase. the Post Office believes demand for mail service is el..
Under what circumstance would you be no worse off if the company paid you cash instead of providing a car.
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