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Problem
You are a student with a demanding schedule of classes. You also work part-time and your supervisor allows you to determine your schedule. In this situation, what is your scarce resource? How do you decide how many hours to work?
Microeconomics, Economics
Question: Shortly after World War II, the US occupying forces set the value of the Dmark and the yen below equilibrium values in Germany and Japan. Over the next 25 years, those countries both staged an amazing recovery. ...
Question: Trade has income distribution effects. For example, suppose that because of a government-negotiated reduction in trade barriers, trade between Germany and the Czech Republic increases. Germany sells house paint ...
Question: 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 (hint, in class we had three methods to resolve problems internal to ...
Question: In the Wall Street Journal article included in this week's lesson, what change in the small drugstore chain's product differentiation strategy has helped lift profitability? What has been responsible for the su ...
Question - Please recall one example from your life where you bought a product that you did not really need and you regretted after the purchase. What motivated you to buy the product? Why did you regret? Your discussion ...
Question: Farm laborers in the United States are sometimes paid by piecework, for example, a fixed amount for each basket of fruit that they pick from an orchard. Looking at the shirt assembly example, explain the simila ...
Question: Assume a firm has an inaccurate or inadequate performance measurement system. What types of decision errors might this cause the firm to make? Be specific, using personal workplace examples if you have any. The ...
Question: Write in paragraph form 1. Which country was able to stop privatization and how did they do it? 2. From this film whose interest do you think the World Bank and the IMF represent? 3. Give 3 examples of how priv ...
Question: A firm in a perfectly competitive market invents a new method of production that lowers its marginal costs. What happens to its output? What happens to the price it charges? a. The firm has an employee who thre ...
Quesiton: In the spring of 2003, two professors from a couple of New York universities were allowed examine the filings of those companies that had complied with the filing requirement. They wanted to know which and how ...
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