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How does economics measure productivity? Why is productivity the key to long-run economic growth?
Have you ever experienced diminishing marginal returns from studying? What are some of the signs of diminishing marginal returns from studying?
What is the maximum amount of money a risk-neutral decision maker should be willing pay to get more information about whether or not the patent will be awarded?
I am writing an essay about "China and US trade war's effect on Taiwan", are there some possible methodologies that I can measure/prove the effect?
Question: How will an understanding of macroeconomics affect your daily life?
In this Discussion Board, summarize your own financial plan balancing present and future needs, especially future retirement needs.
Specialization offers economies of scale because as the production increases the per-unit cost decreases.
dentify the components of the GDP formula (expenditure approach). Explain how the current COVID-19 pandemic will affect said components and therefore affect GDP
(i) Determine the equilibrium value of GDP (ii) Explain the financing of total investment in the economy (iii) Complete the National Accounting Matrix given
What economic integrations is/was Ireland apart of? Give a brief history of the trade agreements and any costs or benefits that resulted from its inclusion
Write down Dougie's von Neuman-Morgenstern utility function. Is Dougie risk-loving? Show your calculations.
Derive Nina's income consumption curve (i.e. the function). Graph it. Explain whether each of the two goods is normal or inferior.
What is the quantity of Blackberries that maximizes social welfare if Blackberries are distributed to students and not to faculty?
Sketch the locus of points that she finds indifferent to having 6 ounces of animal crackers and 4 ounces of beans.
Write a brief summary of the potential impacts of Coronavirus on the United States' Gross Domestic Product (GDP).
Suppose that real GDP is growing at rate of 2 percent while GDP deflator is growing at rate of 3 percent Roughly, what is rate at which nominal GDP is growing?
Explain why the private market cannot provide socially optimal level of education. Why private market cannot provide the socially optimal level of education?
What things would be forgone in order to acquire this business? How does the current estate of the economy impact you business (negatively, positively, or both)
At a GDP of $350 billion, AE is $320 Billion. What is autonomous consumption? At what positive value for GDP, will AE equal GDP (if any)?
Provide an example of a company that is applying market orientation. Discuss how the company is applying market orientation.
How many buyers and sellers participate in this market? What is the product and/or service being sold? How are prices set in the market?
Demonstrate an understanding of scarcity and the opportunity cost of resources. Interpret the meaning of changes in nominal and real economic variables.
What do the CPI and PPIs measure? Why do we need both of these types of price indexes? (Think about what purpose you would use each one for.
You can rent a movie download from your cable provider for $4 per movie per day. What is the maximum annual amount you be willing to pay for movie downloads?
Provide an example for each of the three types of network effects--direct, indirect and cross-side. Do not use any of the examples that are in course reading.