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many college freshmen describe themselves as "pre-med", but a very small percentage of these freshmen will ever attend medical school. After the first course in biology or chemistry, many decide to major in something other that the natural sciences. which of the 12 principles is at work here?
Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries.
how much output should the firm allocate to market 1? Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1?
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..
Congress does not have enough votes to override a veto. Draw a tree for this game and ?nd the rollback equilibrium.
Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
the shortcomings of NAFTA for the last 20 years including what each country has lost as a result of NAFTA.
Bob consumes two commodities: x and y. For what values of py will Bob buy y, and for what values of py will Bob buy only x?
Explain why is economics to an understanding of the problem of development. Why is an understanding of development crucial to policy formulation in developing nations.
What are some fiscal policy recommendations being recommended by current leadership.
Assume a bank faces a required reserve ratio of 5 percent. If a bank has $200,000 millino of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?
Illustrate what new decisions will you make regarding production levels and pricing for your Widget facility.
Explicate which among the policies is most effective and least effective for this nation.
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