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There are 100 dog kennels in Atlanta. An economist studying the pricing behavior of dog kennels tells you that she is limiting her analysis to a time period that does not allow for any new dog kennels
Assume that an economy producing two products, skateboards and in-line skates, is initially in equilibrium, and that skateboards and in-line skates are substitutes. If consumer preferences shift away
The idea that individuals who work for companies should receive at least an equitable hourly income is known as
Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.
In an open economy with few capital restrictions and substantial import-export trade, a rise in interest rates and a decline in the producer price index of inflation will
Demand functions in the multiplicative form are most common for all of the following reasons except:
Graph the demand for dollars and supply of dollars against the exchange rate. What is the value of the equilibrium exchange rate?
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum
Considering the correlation of a company to the economy which would you chose: A company positively, negatively, or not correlated?
What is "trade dress"? What is the major factor in cases involving trade dress infringement? Does that factor exist in this case? Justify your answers using information from your reading and be sure t
What is the dollar value of the deadweight loss when output level Q3 is produced? What is the dollar value of the total surplus when output level Q3 is produced?
For a developing country to grow, it needs capital. The major source of capital in most countries is domestic saving, but the goal of stimulating domestic saving usually is in conflict with governme
Identify an organization in that industry. Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this ma
An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will the economy face after the shock, and
Based on your knowledge of marginal analysis, how many workers should you hire?
Your company, EconCo, has just been hired by a foreign company that is trying to open a new manufacturing plant in the United States. Because of the overload in work by the staff,
In your opinion, should economic tigers be feared or tamed?
When price exceeds marginal cost, a profit-maximizing firm will decrease production.The marginal cost curve intersects the average total cost curve at the break-even point
As increases in income cause a chain reaction of spending by many business and individuals.
Prepare functional specifications for the company's use of the Web and the Internet. Include links to and from other sites in your design.
The article focuses on harmful economic effects, but also mentions some positive aspects. What are they? Does moral hazard apply to unions? Why or why not?
What is Gross Domestic Product, and why is it important for national economies?
Production Level Capital VC$12 Labor VC$6 TVC MC AVC You are assigned the task of computing the variable capital and labor costs for Cost Cutters production level. Below is a table with the capital an
How will an increase in ethanol production impact the supply and demand for corn, soy beans, and other alternative fuel resources What impact might this have on other goods and services dependent on
Currently, what indictors are evident that there is too much or too little money within the economy? How is monetary policy aiming to adjust this?