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Economic justification
If an owner of a company wanted to make a trip for non-business use and their lost wages was not tax-deductible, how could they justify making their decision whether to go or not?
Macroeconomics, Economics
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Question - You have a full-time job but you decide to go to a college and be a full-time student. What is your total economic cost to be a full-time student? Provide and discuss two items of explicit cost and two items o ...
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Question - Consider a community consisting of three voters, Al, Bob and Cathy. The Marginal Benefit function for each person is, for lighthouse service G is; MBa = 40 - 4G for Al, MBb = 20 - 2G for Bob, and MBc = 10 - G ...
Question: The knowledge economy What leads to a patent race? Is such a race productive or unproductive? Hint: Think of how patents allow companies monopoly power for a temporary period. The response must be typed, single ...
Question - Suppose the demand curve for a product is given by Q = 19 - 1P + 2Ps Where P is the price of the product and Ps is the price of a substitute good. The price of the substitute good is $2.40. Suppose P = 0.60. W ...
Question: Use an internet search or the University Library to locate information on the Consumer Price Index (CPI). Internet sites you might find useful include the Bureau of Labor Statistics (BLS) and the Federal Reserv ...
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