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University of the People was launched by educational entrepreneur Shai Reshef in January 2009.Although the university has no campus due to its online distance learning nature, it uses a shared office in California as an office of admission.The first UoPeople students began classes in September 2009, studying for associate and bachelor's degrees in business administration and computer science. At that time, the university had no accreditation and did not charge any fees or tuition.In February 2... read more
Answers: 1.Economic value is created for the consumers when a particular product or service tends to provide key desirable benefits that tend to be superior to the existing alternatives. The search for sources of economic value for IVM needs to therefore focus on highlighting the superiority of this service in comparison to IVF keeping in mind the desirable attributes of such services (Mintzberg, Ahlstrand & Lampel, 2014). A key asp...Read More >>
Answer: Question 1: Measuring GDP and Economic Growth Answer a GDP under expenditure approach Answer b Sum of total income = $2900 Wages = $2000 Statistical Discrepancy = GDP at expenditure approach – GDP at income approach ...Read More >>
Task: Provide the correct equation and then show your work to arrive at the answer: 1) What is the marginal propensity to consume when consumption changes from 7 to 6 and disposable income changes from 5 to 3 2) If disposable personal income is 10 and consumption is 12, 3) what is personal savings? What does this mean 4)What is the multiplier when the change in equilibrium level of real GDP in the aggregate expenditures model is 9, and change ...Read More >>
Explain in your own words why in the short run a firm may continue to produce even at a loss provided the price is more than the average variable cost. Also, provide an example (not from the video) of when a firm might face this decision. Your submission You have not submitted your work yetRead More >>
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