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Tony loves philosophy books and candy bars. When comparing two bundles Tony always chooses the bundle with more philosophy books regardless of the number of candy bars. However, when two bundles have equal philosophy books he chooses the one with more candy bars. Model his preferences.
Elucidate how much would the industry save by raising all of the debt now, in a single issue, rather than in three separate issues.
Suppose that John takes this semester only two courses, math and economics. He allocates his studying time between the two. Let M and E stand for the number grade in math and in economics, respectively. Provide a brief economic interpretation of the ..
Prior to the deal, three soft drink companies sold beverages on campus; now no other soft drink company is allowed to sell its products on campus or at university events. What is the beneficiaries of this deal.
Laura (of Luke and Laura’s Itty-Bitty Drink Umbrella Inc.) is trying to decide how many workers to hire. The Itty-Bitty Drink Umbrella production function is given by: Q = 6L^(1/3)K^(1/2). The price of output is p, the wage rate is w, and the rental ..
If the value of a piece of property increases by 300% ($2 million to $6 million) in 10 years, what is the estimated rate of return? Include cash flow diagrams and P-A-I-N-F-G-g for economics problems.
What is the central theme (s) behind Viet Nam economy’s successes and challenges in providing an improving welfare for its citizens?
Can a for-profit business engaged in maximizing profits also be an ethical business? If so, why or why not? Include discussion of at least 1 ethical theory, refer to a least 2 materials assigned in Theme 2, and give at least 1 specific example to cla..
The total value added in the production of a final good a. exceeds the price of the final good b. equals the price of the final good c. exceeds the total payments made to owners of productive resources used in the production
Suppose that during the past year, the price of a laptop computer rose from $2,100 to $2,550. During the same time period, consumer sales decreased from 470,000 to 363,000 laptops.
Generate two (2) advantages and two (2) disadvantages of group decision making within the context of deciding how to spend revenue obtained from a new sales tax. Include at least two (2) examples of such advantages and disadvantages to support your p..
Given that standard economic theory looks at human nature as essentially rational and static and Institutional Theory looks at human nature as evolving; What is the importance of a theory of human behavior in economic theory?
___does not count in GDP numbers until the final product is sold. This is used to change variables from nominal to real: This gov. policy is part of the collection of policies deemed "shock absorbers." This particular policy is used for those recentl..
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