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Assume that Melanie had 200000 of disposable income and spent 180,000 on consumption in 2006 and had 300,000 of disposable income and spent 240,000 on consumption in 2007
If Melanie's went up to 400,000 in 2008 how munch would she be likely to spend on consumption that year?Ans: 300,000â?¦..how do you get 300,000?
If melanie's income went down to 100,000 in 2008 how much would she be likely to spend on consumption that year?
Illustrate what does the concept of opportunity cost indicate. Consider how the production of one good affects the possible production level of other goods.
Suppose that in response to learning that some sick individuals were denied health insurance, the government mandates that insurance companies must offer insurance to everyone at unregulated rates.
Would you rather earn a 4 % nomical or 4% real interest rate? Illustrate by describing the difference between nominal and real variables.
Suppose the price elasticity coefficient anticipation of the Christmas season. Estimated 4th quarter sales volume will be.
Explain how would you explain the differences among these market structures. Identify which market structure your organization competes in and why you think so.
Give at least three explanations of why economic reasoning would argue that this is to be expected.
Disclose what the book suggests once the short-term rate is much cheaper than the long-term in interest rate. Substantiate whether or not that is a normal occurrence or a cause for alarm.
Does not economic growth and the innovation that generates it, produce more and more substitutes or new discoveries of reserves
The UAW labor contract with General Dynamics expired in October 2001. IN the months preceding the expiration date, bargaining teams for the UAW and General Dynamics met to negotiate a new contract.
In other situations it would be reasonable for a purely competitive wheat farmer to raise his price per bushel because he could reduce his variable costs by selling less at a higher price. True or false, and why?
Explain why did Ricardo think that international trade was based on comparative advantage while internal (domestic) trade was based on absolute advantage.
Illustrate what would happen to general and specific training in labor markets.
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