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Explain the mathematical formula used in describing the Equimarginal rule?
Write a short explanation (200 words) of what is a pariah, what is a parvenu, and why the difference is important for Arendt.
New York State increased minimum wages to $10.50/hr with a plan to increase. What are the intended and unintended consequences of such a public policy?
Until recently Marie worked as an program manager, earning $45,000 annually. What is Marie's profit from the first year of operation?
How do real-world compaines price their products? Include examples of strategies from a microeconomics perspective.
What is the total cost of money management in the Baumol-Tobin model? What is the cost minimizing number of trips to the bank?
What are the primary differences between private and public goods? Why might one be more efficiently provided by markets while the other is not? Explain.
Find an expression for the firm's total cost function in the long run. Explain the relationship between the LRATC curve and the SRATC curves you have graphed.
What were the three methods we discussed in class to help resolve such problems? What are some pros and cons to each of them?
What does productive efficiency mean? How is it represented on a production possibilities curve? How do we determine if someone is unemployed?
How is it different from cost or loss management? How does Mises' system of dividing components of business help direct profits to efficient units?
Discuss the combination of inputs that maximizes output for a cost of $9,000, the amount of output that can be produced, and identify the expansion path.
Find the combination of inputs that maximizes output for a cost of $9,000, the amount of output that can be produced, and identify the expansion path.
Gomez runs a small pottery firm. He hires one helper at $12,000 per year. Calculate the Accounting and Economics profits for the firm.
Who can start business in Saudi Arabia? What are the steps to establish a foreign branch in Saudi Arabia?
Draw an Edgeworth Box diagram summarising the above information. Draw the indifference curves for Ron and Dave in the Edgeworth Box.
If the market price for a tattoo is $17.50, how many tattoos will be sold to maximize economic profit (numeric value ###) ?
Make sure you clearly label all the curves in your graphs and the initial and final equilibria. Is there any crowding-out due to contractionary fiscal policy?
What are the monthly payments? In the payment of that month what amount goes towards interest and what goes towards principal?
How does a person’s interpretation of macroeconomic history affect his view of macroeconomic policy?
What is the Peter Principle? Why does it occur and what are some of the consequences? What are some ways to avoid these undesirable outcomes?
How many percentage point-years of cyclical unemployment are needed to reduce inflation by 5 percentage points?
What do such images suggest about how the East's previous isolation was interpreted in the West, and what does it say about how both sides may have viewed the c
What is the Short run/Keynesian Philips curve? How does Friedman's concept of the long run Philips curve refute the idea of short run/Keynesian Philips curve?
Discuss this alleged conflict between economic growth and measures to secure economic stability by referencing the major economists.