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Consider 2 goods: yachts and vegetables. For each good, think of 2 markets: the market for the good itself, and the labor market for people producing those goods. Suppose that the government is considering a 10% tax on yachts and on vegetables.
What do you think is the future of such predictive capabilities?
From one year to the next nominal GDP rises and the GDP deflator falls. Which of the following exclusions from GDP suggests that GDP is underestimating our material well-being? Full employment is typically associated with:
What is the difference between ' change in demand' vs. 'change in quantity demanded'? What are the determinants of change in demand?
All of the directors of the XYZ Corporation were present at a meeting called on a Monday evening at 9 p.m. In response, the directors argue that: (1) no illegal activity had occurred; (2) if an illegal activity did occur, it was not at a valid meetin..
Explain how each of the following will affect the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer: New union agreement increases hourly pay. Local government imposes an annual lump..
Explain the break-even price and the shut-down rule. List and explain the characteristics of monopolistic competition. Explain why a price-fixing cartel is difficult to maintain. Put in plain words the concepts of adverse-selection and moral hazard. ..
Mcdonalds spends millions of dollars each year on legal protection of it's brand name, thereby preventing any unathorzed use of it. Explain what information this conveys to you as a customer about the quality of Mcdonalds products
The following two individual demand curves represent an entire market for a commodity. What is the market demand curve for the commodity? show the market demand in equation and graphical form. (a) P=60-10Q (b) P=60-15Q
Recently, a bank was trying to decide what fee to charge for "expedited payments"—payments that the bank would transmit at a faster speed to enable customers to avoid late fees on cable TV bills, electric bills, and the like.
Elucidate which of the following events would cause the price differences in these letters to get smaller.
Discuss networking, and its relation to prospecting for clients. How can it be useful? What resources would you research to find the potential clients you need to sell your product or service.
From you readings and research explain and compare eMarketplaces vs. eStore. Review the comparison and explain which type (eMarketplace or eStore) would you use for you own business
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