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Suppose the government cuts its purchases by $120 billion. As a result, the budget deficit is reduced by $40 billion, private domestic decreases by $10 billion, disposable personal income decrease by $80 billion and the trade deficit is reduced by $15 billion. By how much has national income (y) changed?
Find out what quantity of the book Warm fuzzy should print, and what price it should charge in order to maximize profit.
Classify the following utility functions as risk averse, risk neutral or risk seeking and draw the relevant diagrams
Presently you have to decide on a strategy - will PM Company simply sell its products (trade) or expand its markets via investment.
Explain how would you interpret the slope coefficient also illustrate what is the rate for the period under study.
What is the optimal level of production of wine decanters? Verify that this level of output maximizes not minimizes profit
Research the elasticity of beef and eggs in regards to price changes. Explain how do supply, demand, and price controls interact to affect equilibrium price of eggs
Suppose Congress wishes to reduce the budget deficit by reducing government spending. Use the IS-LM model to illustrate graphically.
All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 +10q. Calculate the equilibrium price, firm output, total output and number of firms in the industry.
List four reasons why analyzing the economy is not as precise as the multiplier model makes it appear.
Describe the dimensions of quality from micro- and macro-perspectives. What are the different formats or models and applications of quality? Discuss the top three in your opinion.
What are the pros and corns of a market economy in comparison with a command economy.
Illustrate what are some advantages of a unionized organization. What are some disadvantages.
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