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The standard of living for the poorest third of the world is falling behind the standard for the rest of the world and is not improving very quickly. What are some factors that might influence the eco
Economic fluctuations (or business cycles) are fluctuations in the level of economic activity, relative to a long-term growth trend. Comparing and contrast the economic fluctuation the United States h
A farmer grows a bushel of wheat and sells it to a miller for $1.00. The miller turns the wheat into flour and sells it to a baker for $3.00. The baker uses the flour to make bread and sells the bread
Why would you as a CEO of a business choose to pay your workers more and give them better benefits than your competitors?
If a guy live in two period, the wage for first period is $8, and the wage for second period is $10, Should he work more hours in the second period than in the first period?
Discuss the modern theory of aggregate supply and aggregate demand that incorporates a price variable into Keynesian analysis.
Draw a few indifference curves of a consumer whose preferences are not convex, and explain why the indifference curves violate convexity. Indicate the direction of increasing preference
Many factors determine the supply and demand for labor. Identify and explain two factors that would increase or demand for lavo. Identify and explain two factors that would increase or decrease the su
Considering the size of our national defense budget, should we be spending more on military technology? What is your opinion?
Acme sells cans of mixed nuts. A typical can has 100 nuts. In the past, 5% of the nuts were cashews, but now Acme is advertising that its new and improved can of mixed nuts has 40% more cashews. Cashe
Draw the demand and supply curves. What is unusual about the supply curve ? Why might this be true?
Toby can produce 5 gallons of apple cider or 2.5 ounces of feta cheese per hour. Kyle can produce 3 gallons of apple cider of 1.5 ounces of feta cheese per hour. Can Toby and Kyle benefit from special
Where does e-garbage go? i.e. Unwanted and outdated computers, monitors, DVD, cell phones. etc.. What is the effective approach to control it? Pls explain in two paragraph.
Suppose that unusually hot weather in summe causes the demand curve for ice cream to shift to the right. Why will the price of ice cream rise to new market-clearing level?
Choose an organization that has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization. How has the Internet change
Sp represents personal savings. This money does not go into the economy. So why is it counted in this formula?
A price change causes the quantity demanded of a good to decrease by 30 percent , while the total revenue of that good increases by 15 percent. Is the demand curve elastic or inelastic ? Explain?
What equal annual deposits must be made at t=2,3,4,5,8,9 and in 10 in order to accumulate $40,000 at t=15 if money is worth 10% compounded annually?
Mr.Fritz wishes to purchase a bond having a face value of $1000 and a bond rate of 8% payable annually. The bond has a remaining life of 12 years. In order to earn 10% rate of return on the investment
If the demand of corm increases do to it use as an altenative engery source, what will happen to supply of corn substitute such as soybean? what will happen to the price of corn oil?
Suppose that annual income from a rental property is expected to start at $1,300 per year and decrease at a uniform amount of $50 each year after the first year for the 15 year expected life of the pr
On January 1, 2007, Shaffer Co. purchased inventory for $1,000 cash. These goods were sold on April 30, 2007 for $1,400 cash. The company can currently earn 3% interest on an account at a bank.
Suppose a competitive market consists of identical firms with a constant lon-run marginal cost of $10. (There are no fixed costs in the longrun) The demand curve is given by q=200-p
Do you advocate an active or passive policy approach? Why? Why might an active policy approach be more popular than a passive approach, especially during a recession?
Why does a temporary increase in the real wage increases the amount of labor supplied, but a permanent increase may decrease the quantity supplied. Condiotions of this too happen too.