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Applied Economics

Indifference curves for consumption and leisure

Imagine a truck driver that has complete control over his daily work schedule. He has no alternative income (from any source). Out of biologically necessity, he must sleep eight hours a day. Other than that, he can spend the rest of his time driving. If he drives all of his available time, he can afford to consume $192 worth

GDP

Calculate the totals change in a year's GDP A family sells a home, without using a broker, for $150,000. They could have rented it on the open market for $700 per month. They buy a 10-year old condo for $200,000; the broker's fee on the transaction is 6% of the selling price. The condo owner was formerly renting the unit fo

Foreign operations and currency denomination

Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs. For MNE's with multiple foreign operations, consider any one of those operations and the contribution it is making to the parent firm's profits. Using this information, what do you think would be the effect

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?

Microsoft antitrust trial

The Microsoft trial has been one of the biggest investigations of antitrust behavior since the turn of the century. Split your group into two sides: one that supports the government side and one that supports the Microsoft side. I need information for both sides to present a cohesive argument for the Microsoft side and governm