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Title: Microeconomics Questions

Essay Details

Subject: Business
Author: Patricia N
Date: September 12, 2014
Level:
Grade: A
Length: 6 / 1676
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

This can be seen in fibre optic cables, as they catapulted the amount of information able to be transferred by 100 times at once, however, society still demands bigger and faster amounts. With this, we will still observe price rationing, as we are so greedy that we want to have as much money as humanly possible, unless the resource that is not scarce is actually our money...

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The Council of a large university, after considering two sites for building a new sporting complex, chose to build on a plot of land the university already owned rather than on another tract of land that the university would have to buy. The reason given was that the chosen site lowered the cost of the sporting complex because the land was free, whereas the other site would cost over $3 million...

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