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Economies grow for a variety of reasons. Which of the following is not a primary cause of economic growth? a. growth in the availability of productive resources b. government regulation c. changes in the rules of the game that enhance production d. improvements in the quality of resources The difference between basic and applied research is that a. basic research has less immediate payoff to society than applied research typically does b. basic research occurs in science while applied research occurs in industry c. applied research does not promote resource productivity while basic research does d. basic research does not promote resource productivity while applied research does
At the current price level, would it be viable for the firm to increase the price level of its brand of coffee. Support your answer.
The amount of money generated in a week can be viewed as a random variable with a mean of $700 and a standard deviation of $130. Find mean and standard deviation of an employee's total pay in a week.
Elucidate what the Justice Department argued that the merger would lessen competition and raise prices of business software. Is there an economic argument that the merger might actually result in lower prices.
The production process requires labor and capital as inputs. Labor costs $6 per labor hour and capital costs $12 per machine hour.
Relatively more inelastic than those of firms which only make house windows. Which product is to be the most price elastic between housing or automobiles?
Find out statistics on the web from 2004 to present on the fillowing indicators of the macroeconomic conditions of U.S. economy:
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
What can be said about the estimated slope coefficient for a regression of Y on X, versus the estimated slope coefficient for a regression of X on Y.
What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.
Currently, boats rent for $500 per day and workers cost $100 per day. Suppose your company decided purchase 12 shrimp boats (Jenny 1 - Jenny 12). These boats are a fixed resource for the firm. Illustrate what is the short run total cost of produci..
Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.
You are manager of BlackSpot Computers, which competed directly with Condensed Computers to sell high-powered computers to businesses. Explain how will impact BlackSpot bottom line.
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