Is money a man made God? ( in terms of the amount of energy and time involved in pursuing your education career, and dealing with the financial situations of your life). Yes or No and explain using economic logic in your explaination.
“Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices?”
The costs of producing steel have declines substantially from building a conventional hot-rolled steel mill down to the new minimill technology that requires only scrap metal, an electric furnace, and 300 workers rather than iron ore materials, enormous blast furnaces, rolling mills, reheating furnaces, and thousands of workers. What effect on the potential industry profitability would Porter’s Five Forces framework suggest this new technology had? […]
Can someone please help me solve and graph this in excel? Your company has estimated its total cost to be TC = 5500 + 0.04Q + 0.0012Q2; its marginal cost is thus MC = 0.04 + 0.0024Q, where Q is the quantity of units produced and TC is in dollars. Since your market is relatively competitive, your company is able to sell its output for […]
Please Help Answer the Following Questions: 3. Shaughnessy Consulting, LLC currently enjoys a patent on software that estimates economic damages for clients involved in personal injury lawsuits. Demand for my software is QD = 60.3 – 0.1P. Creating the software cost me about $2,000 in development and coding. I can produce a copy of the software for $3.00 per unit (constant cost). a. How many […]
100 words minimum with reference. Economic deals with economic choices (decisions) individuals, firms and nations make. The adage, “There is no such thing as a free lunch,” is used to illustrate the principle that people face tradeoffs to make economic decisions. Why do economic agents need to make choices in the decision making process? What are the factors that force us to make choices among […]
I need to review for microeconomics 101 from UW Madison. I only want to review homework which deal with numerical calculation. So, I would love to know the homework type problem. What I mean is I need you to classify the type of question( find supply, find maximum revenue, maximum profit, find maximum profit in cournot model) and a thorough solution how you solve problems. […]
Engage in the following conversation; Is there a right wage? Is there a proper and appropriate wage for a particular kind of work? What should determine a worker’s wage? Some studies show that women earn less than men, do some research and offer an explanation for this. Keep in mind that firms like profits and if they can hire equally productive labor for lower prices […]
ORIGINAL THOUGHTS ONLY PLEASE FOLLOW THE INSTRUCTIONS Please see attached week 3 assignment This week students will review and revise their Week 3 Research Analysis for Business Signature Assignment based on economic analysis and the feedback provided by their facilitator. Students will also expand their Week 3 analyses to evaluate the challenges of expanding their chosen company’s production to a foreign market. About Your Signature […]
Assume the demand for a good is price inelastic, i.e., e d < 1 in absolute value . This means that if price decreases by 50 percent, quantity demandedwill: A) increase by less than 50 B) decrease by more than 50 C) decrease by less than 50 D) increase by more than 50 percent.
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