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Q. Point A on a linear construction possibilities curve represents a combination of 12 coffees also 3 cappuccinos also point B represents 3 coffees also 6 cappuccinos. Assume coffees are on the vertical axis also cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is?
Q. The craft unions electricians, carpenters, other possess considerable power to raise wages than do industrial unions automotive workers, steel workers, etc. How would you Elucidate thisin terms of demand elasticity?
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
Discuss the current state of the Chilean economy by focusing on the recent past and macroeconomic characteristics
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
How can the issue, perspective, concept or model enhance and enrich understanding of International Economics.
Suppose which in the 1990s, the average retail price of a roll of Kodak film was $6.95 also which Kodak's marginal cost was $3.475 per roll.
The price elasticity of demand for Royal Crown Cola is equal to the price elasticity of demand for soft drinks in general It is invalid to make inter product elasticity comparison
Why profits encourage entry into purely competitive industries and explain how losses encourage exit from purely competitive industries.
Using your understanding of shifts in supply also demand, will this turn out to be a helpful or hurtful move on the Kenyan government's part.
Explain how advertising did or did not play a key role in your decision to purchase which product. Why might it be excessive at times.
The setup cost is $100 per order up to 99. For orders of less than a pallet, the setup cost is $200. The setup cost for pallet loads is $1000. The holding cost is 1% of the purchasing cost per item per week.
At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.
if you were asked to forecast Jan also Feb sales for next year, would you be confident of your forecast using the preceding moving averages.
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