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Why is organic food a positional good? What other ways do wealthy people have an advantage in avoiding pesticides? How does this relate to global inequality? How are organic foods produced, marketed, and sold in a capitalist society? Compare and contrast the future of green businesses, green energy, organic foods, and ecotourism.
What factors can contribute to unemployment? How can technology lead to greater unemployment, or is it a benefit to the economy? Can inflation cause or effect unemployment? How?
Some economists argue that the price elasticity of demand can be used to determine whether a good or service is a luxury or a necessity. In medical case, a procedure with inelastic demand would be considered a medical necessity, while care with elast..
q.you are the ceo of abc neosho missouri. you manufacture both wood and upholstery products and have yearly sales in
An economic system, in which economic decisions are controlled by the internal interaction of supply and demand, is known as a Illustrate what.
q.briefly explain the current 2012 discretionary fiscal policies that are being used by the federal government to try
In his Semi-annual Monetary Policy Report to the Congress of February 14, 2007, then Federal Reserve Chairman Ben Bernanke said: "Another significant factor influencing medium-term trends in inflation is the public's expectations of inflation.
Do a discussion on the model of perfect competition also adopting strategies to gain marketplace power in competitive industries.
For the closed-economy, one-period model, suppose that U(C,I) = In C + βl, and F(K,N)= ZK^(a)N^(1-a), where β>0 and 0
Illustrate what other additional information do you need, and how would you proceed if you had that information.
If operating capital is running $60,000,000 and employment is running 4,000 employees in the company, what is the value of the marginal rate of technical substitution between operating capital and labor in the Biddle Company?
If the price elasticity of demand for a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will
Find out the curve for MR and use it to find the monopoly output and price. Calculate the output of a perfectly competitive market if the MC is the same as the market supply.
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