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What does a contractionary gap imply about the actual rate of unemployment relative to the natural rate? What does it imply about the actual price level relative to the expected price level? What must happen to real and nominal wages in order to close a contractionary gap?
Suppose you are choosing between milk and cookies. If the opportunity cost of cookies in terms of milk increases, then the budget curve will: A. An inward rotation of the budget curve B. An outward rotation of the budget curve C. A parallel outward s..
Pick any public company and discuss which 2 or 3 macroeconomic indicators which would most profoundly affect that business and why.
How many years would it take for an investment in year 1 with increases of 10%/yr to have a present worth f $1 million at an interest rate of 7%/yr?
Discuss how elasticities should be used in pricing decisions. If you were responsible for setting the price of these volumes, what would you choose and why.
Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.
Illustrate what are the fours upply factors of economic grwoth. what is the demand factor? What is the efficiency factor.
Use the AD/AS model to explain and show the current economic situation. Then suggest a fiscal approach to solve the current economic situation without adding any more debt. The current MPC = .80.
Suppose that a biotech firm makes diagnostic tests and has a fixed-proportions production function in which one unit of output (diagnostic test) is produced using one worker and two units of capital (machines). If the firm has an extra worker and no ..
Depend on this information, which market structure best characterizes the industry in which Forey competes.
q1. relate opportunity costs to why profits encourage entry into purely competitive industries and explain how losses
Imagine a waste processing plant that is causing air pollution (measured in tons per year), and has marginal abatement costs given by MAC1 = 100 – 0.005E1. What level of emissions will the waste plant choose?
Based on your knowledge of strategy formation, how do the economic concepts in this course affect strategic planning?
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