For the rest of your life you will be creating your brand: please think about what you are saying about yourself when you do any work for someone else! 1. Consider a monopolist where the market demand curve for the produce is given by P = 520 – 2Q. This monopolist has marginal costs that can be expressed as MC = 100 + 2Q and total costs that can be expressed as TC = 100Q + Q2 + 50. a. Given the above information‚ what is this monopolist’s profit maximizing price and output if it charges a single
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Economic growth From Wikipedia‚ the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (April 2011) GDP real growth rates‚ 1990–1998 and 1990–2006‚ in selected countries. Rate of change of Gross domestic product‚ world and OECD‚ since 1961 Economic growth caused the production-possibility frontier to shift outward. Economic growth is the
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Texas: Population Projections and Implications” and “The Explosive Growth of the Latino Population May Hurt the U.S. in the Long Run‚” I plan to point out several statistics in the growing population of Texas and provide possible solutions to them. The most visually stunning statistic to me was the implication that Texas’ future population would contain nearly sixty percent Hispanics. The outcome could be viewed in a couple of different areas‚ with the first being found in the Texas population by age
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ECON 1. (Demand Under Perfect Competition) what type of demand curve does a perfectly competitive firm face? Why? A horizontal or a perfectly elastic‚ demand curve. A perfectly competitive firm is called a price taker because that firm must “take‚” or accept‚ the market price- as in “take it or leave it.” 2. Explain the different options a firm has to minimize losses in the short run. A firm in perfect competition has no control over the market place. Sometimes that price may be so low
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Topic: Aging PopulationTitle: What are the impact and solution of aging population in Hong Kong? Sub title: 1 Recent situation Situation in Hong Kong Results of our findings 2 Causes of aging population Results of the our findings Improvement of living standard Low fertility rate 3 Impact of aging population Results of our findings Economic development of Hong Kong Burden of government 4 Solution Results of our findings Postpone of retirement age Encourage childbirth by providing
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beauty. Amidst the border tension‚ presence of the military and internal disturbance‚ the state of Jammu & Kashmir has never failed to attract tourists from around the world. Those who have visited Kashmir have become its lovers and those who have not; J&K is their dream destination. The lush flower valley‚ snow clad mountains‚ natural lakes‚ the Moghul and Tulip Gardens have all added up to the untainted beauty of Jammu & Kashmir. This northern state of India is blessed with many well -known beautiful
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of the Events of the Life of J.H. Banks‚ an Escaped Slave‚ from the Cotton State‚ Alabama‚ in America was written by J.W.C Pennington in 1861‚ in the beginning of the Civil War. In it‚ Pennington talks about his experience as a slave in what was called “the Trader’s Gaol”‚ a jail-like place for slaves as they awaited being auctioned and bought. Pennington describes some of the horrible conditions slaves had to live with in this gaol. It was gloomy‚ the food didn’t taste very good‚ and
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ECONOMIC GROWTH is the long term expansion of a country’s productive potential Short term growth is measured by the annual % change in real national output – this is mainly driven by the level of aggregate demand (C+I+G+X-M) but is also affected by shifts in SRAS Long term growth is shown by the increase in trend or potential GDP and this is illustrated by an outward shift in a country’s long run aggregate supply curve (LRAS) Key drivers of growth There have been numerous research studies in
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Suppose there are 100 consumers with identical individual demand curves. When the price of a movie ticket is $8‚ the quantity demanded for each person is 5. When the price is $4‚ the quantity demanded for each person is 9. Assuming the law of demand holds‚ which of the following choices is the most likely quantity demanded in the market when the price is $6? Explain and show calculations‚ While the question asks of the choices given what the quantity demanded will be‚ there are no choices given. Based
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Over Population The world’s population is approximately 5.9 billion‚ and it is still growing. It has just about doubled in the past forty years. We are now faced with the issue of over population. The problem is very severe‚ and important. It is controversial how many people this planet can hold. Some are arguing that we have plenty of room‚ and we could fit everyone on the state of Alaska‚ if we just put 10‚000 people on each square mile. Alaska only makes up about one
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