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Find the golden rule of profit maximization? Describe why the rule maximizes profits. Why are economic profits zero all along long-run supply curve in perfect competition?
Explain the types of barriers to entry, and describe whether each type is likely to give long-term monopoly power.
Describe how indifference curve and budget line aparatus are used to deduce consumers demand curve. For a demand curve, certain things are held constant.
Give a cost-benefit analysis for company that has to decide whether to hire more staff or hire temporary workers to meet production schedules.
Compare relative costs of using long-term equity financing and those of using long-term debt financing. Find the "cost" related with debt financing?
Compare Kluver's arguments with endangered languages, and with readings about Digital Divide. How do they compare?
The citizens of Eurnesia find the efforts credible and outsiders think these changes will be effective and long lasting.
To make as much money for the stockholders as possible." Describe why you agree or disagree with such statement. one source should be cited.
Explain the business, products or services, and customers by creating mission statement. Make sure that you are differentiating the product or service.
In each thread/discussion you should show fundamental understanding of economic theory and outside research for specific topic.
The number of cookbooks sold per month P = the retail price of books. Illustrate what demand curve would look like if you sold books between $25 and $35.
Assume you are lending $1000 to your friend. You want to get return of 3% but economist informs you that inflation is expected to be 2%.
Compute the chain weighted or chain linked GDP deflators for '09 and '10, when '09 is base year. Compute resulting inflation rate.
If government did perform expansionary fiscal policy to raise GDP, how will government budget change.
What money supply must the Fed set next year if it wants to keep price level stable? Assume output still raises 5% next year, what money supply should fed set next year if it wants inflation of -2%?
How much government bonds must the Fed buy or sell? If Fed uses banks' reserve for its open market operations, how much government bonds Fed must buy or sell.
Write the possible work disincentives created by anti-poverty programs. Is there way to solve the problem without causing other forms of inefficiency to arise?
Write the productivity factors which may describe the differences in pay between men and women in similar occupations.
Is it irrational for you to accept the offer which does not give highest level of monetary compensation? Use of compensating differentials to describe your answer.
Explain the effect of flood on marginal productivity of land, labor, and capital. How would flood affect price of inputs? Give some examples.
Write down the similarities and differences between social and business entrepreneurship? Can social entrepreneurship be successful in capitalistic society? Why or why not?
Write the equation of the individual firm's short-run supply curve? Find the short-run equilibrium price and quantity in the market?
A profit-maximizing firm in perfectly competitive market currently produces at the output level where its short-run average total cost curve is upward sloping. What does this indicate about firm's e
Create the list of advantages of living in a capitalist society. Then create lists headed "What are the disadvantages?"
Why might the favorable change in economy, like technological improvement or decrease in price of imported oil.