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An economy is faced by exhaustion of an important natural resource at a time when it is introducing improved technology.explain how these events will effect the economy production possibility curve.
)Now suppose that some of President's close political advisers are urging him to adjust taxes but not spending. Assuming the same initial level of G (=500), how would you advise the administration to adjust taxes to reach potential GDP?
What type of externalities arise from driving automobiles fueled by gasoline and what is your view on whether the United States should raise the gas tax to the European level and why?
Have your students take a poll: Students should have survey five friends to get their responses to the question, "if the tax on beer were increased, would it result in you buying fewer cigarettes" 2) You have six hours to study for two exams tomo..
What is the highest profit or lowest loss availability to this firm? c. Should this firm operate or shut down in the short run? Why? d. What is the relationship between marginal revenue and marginal cost as the firm increases output?
If the demand for a good falls by less than the supply of the good rises, then equilibrium price will and equilibrium quantity will . Decision making "at the margin" means making a choice based on of a decision.
Meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.
You're an entrepreneur and you've opened a restaurant in a nice area of town. Describe at least two long run decisions which you require to make about the business.
Why does the Average Physical product curve slope downwards so soon? What's the relationship between Average physical product curve and Marginal physical product curve?
Constrained optimisation model
Calculate the elasticity of demand and elasticity of supply at each price change in the market for financial calculators
What is the monopolist's profit maximizing level of output and what is the profit-maximising pricing strategy among the options
His strategy to acquire companies in different lines of business based on the requirement that each business in GE was to become the #1 or #2 competitors in the industry is touted as being particularly brilliant.
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