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Go to the Bureau of Economic Analysis (BEA) website and look at quarterly data from the last few years of the National Accounts. Can you make a decision of what part of the business cycle the U.S. economy is currently in? Why? What factors lead you to this conclusion? You may want to do additional research of sources to reach a conclusion.
Elucidate how much labor should the firm employ. What is the resulting output and profit.
The following equations describe a small open economy. Calculate the equilibrium level of output (Y*).
If you were a manager at PepsiCo, would you try to convince your colleagues that introducing the new soft drink is the most profitable strategy.
Elucidate what economic, political, and cultural factors do HR managers need to consider when sending employees to work internationally.
After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics.
An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop.
Illustrate what's the equilibrium price and quantity in the free market equilibrium. what's the best tax to impose on the power plant, why.
How many units of good X will be purchased when Px=4910, determine the inverse demand function for good x.
Illustrate what would occur to the level of domestic investment.
Producers will be made to pay a tax for each beer sold. Use a graph to elucidate why the tax burden will not actually fall on the people that this person wants to punish.
Analyze a market environment with tacit collusion, including deterrents from entry.2. Evaluate the profitability of entering the market.3. Examine how the time horizon affects the profitability of entering the market.
Using the midpoint method the price elasticity of Demand for a good is computed to be approximately
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