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1. Suppose that the US demand for aluminum is given by Q D = 500 - 50 P + 10 Y Where P = Price of aluminum per ton Y = average income (in 1000's per
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Under what conditions would your value-menu fast-food restaurant decide to be open on Mondays, and when would it decide not to be open on Mondays?
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The market for plywood is characterized by the following demand and supply equations:
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Instructions for Business Cycle Extra Credit Paper Watch the Economic Cycle from YouTube Study...
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Consider two individuals that have recently purchased health insurance.
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Which of the following statements concerning how banks make money is true?
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The internal rate of return (IRR) is a) the interest rate that breaks even a project's costs and benefits. b) the interest rate that allows an...
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Practice problem A project requires $100,000 in initial investment and immediately pays $25,000. The next year this project requires additional...
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Business plan competitions are becoming more popular as a vehicle for enhancing entrepreneurship. A recent winner of the Rice University competition...
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Milk is a major input in the production of ice cream. An increase in the price of ice cream would:
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Problem 3 Assume that output in the economy is given by a production function that implies the following MPL MPL-1 K '2 L Further assume that in the...
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Education and Earnings This month's Issue in Focus looks at trends in education levels and earnings of people in the Prince Edward Island Labour...
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So, this time, Groucho and Harpo work together in the same office. Groucho smokes; Harpo hates smoke. Groucho has the right to smoke, and he...
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d as "derived?" Given the production function, prices, and fix capital, can you solve for the profit maximizing amount of labor hired by the firm, E*?...
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Jacob owns company that offers jeans in a perfectly competitive product market.
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If you have an investment decision your company has made. Putting it all together the opportunity costs and benefits of the decision. your company...
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Describe an investment decision your company has made. Compute the opportunity costs and benefits of the decision. Did your company make the right...
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Describe an investment decision your company has made. Compute the opportunity costs and benefits of the decision. Did your company make the right
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find a news article published within the last three months that discusses trade deficit of the U., summarize key points and post in the Discussions...
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1. For this part think about Demand and supply in the market of Reserves. a. (3 points) Who are on the demand side of the market?
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What warnings would you give forecasters in using statistical demon equations for estimating consumer demand?
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Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric
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The Campbell Soup Company acquired Bolthouse Farms for $1.55B in 2012. Bolthouse Farms owned and operated extensive farming operations that supplied...
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In 2009, Oakland (CA) voters passed a measure to legalize and tax medical Cannabis.
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Should government subsidize college education or allow a supply and demand in the free market. All U. states subsidize education for college...
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Suppose that Japan has 20% of the world's capital, 10% of the world's skilled labor, 30% of the world's unskilled labor, and produces 20% of the...
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List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the...
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In 2008 the government issued new regulations that increased the amount of ethanol that had to be added to gasoline.
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The following two paragraphs have been culled from the Economists Magazine of July 17th, 2017 under the title "Why China's dog-meat market has
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Suppose a friend of yours is wondering why government hasn't imposed a tax on cigarettes to discourage consumption of cigarettes because in her
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HYPERLINK "http://hir.harvard.edu/article/?a=3133" http://hir.harvard.edu/article/?a=3133 Younis, Ahmed. Gender Justice Employment Gaps in the Arab World the Harvard International Review Summer 2013
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In related to the efficient market hypothesis, what is the concept of efficient markets?
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Stonebuilt Concrete produces a specialty cement used in construction of roads.
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Describe the three types of risk we introduced in class - performance, reliability, and fit. Provide a definition for each, as well as a scenario in...
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The current heating bill for a house is $1000 per year (assume the costs accrue at the end of the period).
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out of these three articles https://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html (Links to an external site.)Links to an...
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Sam is willing to pay $12 per month for 1 green egg per month, $10, for the 2nd, $8 for the 3rd, etc. The market price of green eggs is $8.
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watch this video.... https://www.youtube.com/watch?time_continue=2amp;v=sCLd8T1HNN8 and answer these questions... What is the public good identified...
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PROMPT: What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable? Could the advent of the Internet completely eliminate fr
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Assignment 1: LASA 2: Supply and Demand in a Global MarketAnswer the following questions using examples and applications from the readings. Justify your answers using economic concepts and ideas as t
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Consider a utility function: Utility=5(income). Your income is $144, but there is an illness going around the area that costs $95 to cure. There is a...
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Describe an activity or process or product of your chosen company that exhibits economies or diseconomies of scale. Describe the source of the scale...
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Which of the following would be classified as a differentiated product produced by a monopolistic competitor?
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Briefly explain how the Production Possibilities Model could be used to illustrate the tradeoff between the production of Health Care (let health
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Assume you have just received your college degree. You are excited to be finished because next month you will be starting a new job with a high...
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Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete.
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Please answer all 5 discussion questions Should Peyton Manning mow his own lawn? Suppose Peyton can do the job in 2 hours, or he can hire a gardener, Kris, to do it in 3 hours. Kris charges $30 an ho
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in order to produce 100 chocolate chip cookies, MacCookieCo incurs an average total cost of 0.53 per cookie. The company's marginal cost is constant...
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What is the best way to prevent and reduce smoking?
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Consider the following game. Player 1 begins by choosing between l and r. Player 2 observes the choice by player 1. If player 1 has chosen l, then...
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