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A company in a competitive market must accept the market price, but a monopoly can set a price that maximizes its own profit. Explain giving consideration on the elasticity of the demand.
The World Bank is currently advising newly industrialized nations on how to increase growth and they have asked for your help.
If gross investment is not large enough to replace capital that depreciates in particular year, is net investment greater or less than zero? What happens to our production possibilities?
Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.
What is national saving? What is private saving? What is public saving? How are these three variables related?
Modify your game from Problem 1 to account for this private information, and find some equilibrium of this new game (remember that as in the class, each person will now take into account their private information when making their choice). Is the equ..
In December, year 1 Sid's Body Shop (an accrual-basis taxpayer) did repair work on Lisa's car and was to be paid $2,000 by her insurance company.
Illustrate what are the three categories of transactions in the balance of payments? Give an example of each.
Explain how does a business describe whether to increase or decrease the price of the product it sells in order to increase revenue
What are the short- and long-term economic benefits and costs associated with our current high federal government budgetdeficits Do you think the economic benefits outweigh the economiccosts, or not Why
Assume the Chinese government abandons the peg and allows the yuan to float.What would be the effect on Chinese imports and exports.
using the quantity theory of money answer the following questionsa. if the money supply increases show the three
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use w..
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