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The Bureau of Labor Statistic and Federal Reserve Bank in St. Louis both have a lot of economic information. Base on current information, for the industry you're familiar with, discuss the positive and negative effects of either a sudden increase or decrease in the number of competitors on prices in the long run. What would you recommend as a course of action, if any? For the industry you have chosen, discuss how price moves from today to the future.
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.
Describe the difference between Economic contraction and Economic expansion
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Gains from trade will result if a country specializes.
Under oligopoly, if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
Limited partnership arrangements alleviate which traditional problem associated with real estate investments.
Could trade help reduce poverty in Brazil and other developing countries. How do product and factor prices and wages eventually equalize between the two countries.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Shadow Bank 411 buys $3 million more securities in the market and "pays" for them with its account at Bank 411. Bank 411 borrows $3 million more as a first response.
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