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Explain what would the price of labor have to be in order for the firm to choose to use both capital and the labor as inputs?
In "The Social Responsibility of Business Is to Increase its Profits," explain what economic idea is the author alluding to by stating that the social responsibility of business is to increase profi
How well does paper currency serve the functions of money if we have an inflation rate of 50-percent per year? Paper currency is the most easily recognized form of money.
Give a summary of each of the following theories about race. Perform an internet search to find more information. a) Structural-functional analysis: the importance of culture.
What level of output should be produced in each market and what price will prevail in each market if the monopolist can maintain the separation between the two markets? What are the total profits in
Explain the expected effects that college scholarships based on: student ability student need are likely to have on the distribution of income.
Levitt Inc. operates in an industry that has a Rothschild index of 0.78. The firm gained access to a government report that revealed the own-price elasticity of market demand within the industry to
Many automotive dealerships, such as BMW, sell low mileage late model used cars, with warranties on defects and repairs that offer more coverage for longer periods of time than the warranties on the
Individuals, governments, firms, and the countries are faced with choices because all resources are scarce. A production possibility curve measures the maximum combination of outputs that can be ach
If a firm makes a loss in the short run, should it shut down? If no, discuss. If yes, discuss. Offer examples. Do think discussion forum is a useful learning tool for online classes.
An airline ticket costs the same from Wyoming, Casper, to Denver, Colorado and from the Denver to Orlando, Florida. Does this make economic sense?
The Ford Motor Company sold 500,000 Model T Fords at a price of $440 each in 1916. Henry Ford believed that he could increase sales of the Model T by 1,000 cars for every dollar he cut the price.
Should they choose an expansionary or contractionary policy? What would be the consequences of doing so? Should the Congress and president engage in discretionary fiscal policy if a recession
Assume the government is running a surplus and aggregate demand is so high that any further increases in spending will cause only inflation, with no increases in production. Explain what should the
Assume the Fed decides to increase the nominal money supply using an open market purchase. The end result of the money creation sequence of events shows a decrease in the federal funds rate.
Explain what does the Fisher Effect say about the relationship among the nominal interest rate (e.g., the federal funds rate) and the inflation rate?
Find out at least one important Entrepreneur that you would consider an "Entrepreneurial Legend" and state why you consider the person to be exemplary.
Amacon is a bicycle manufacturer that produces approximately 5,000 bikes each month. In order to meet that demand, Amacon requires the 10,000 rubber tires at its assembly plant on the last Thursday
Discuss how much output did the average worker produce if 150 million workers produced America's GDP in 2010, according to the "World View" above.
Suppose you are a functional manager tasked with assembling a project team. Infer two conflicts that are inevitable between project stakeholders.
Discuss the assertion that one disadvantage of the pure project organization is the project professionals' tendency to fall behind in areas of technical expertise that they do not use on projects.
Suppose a government quota on the quantity of imports causes net exports to rise. Discuss why the expenditures total and national output may rise after the quota is imposed. Who is likely to benefi
For each of the expected inflation rates of 0,2,4,6, and 8 percent, determine the nominal interest rate and the after tax expected real interest rate if the tax rate is 30 percent.
In each of the following cases, indicate which good you think has a relatively more price elastic demand and find out the most likely reason, in terms of the determinants of the elasticity of demand
Calculate the mechanism in the economic system that guarantees the saving of the economy will always equal the investment of the economy? You may assume a closed economy in answering the qu