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"The most disruptive supply shocks in recenthistory were caused by OPEC, the Organization of PetroleumExporting Countries. In the early 1970s, OPEC's coordinatedreduction in the supply of oil nearly doubled the world price. Thisincrease in oil prices caused stagflation in most industrialcountries."
The above scenario shows the case of adversesupply shock in oil market. In which condition there will be afavorable supply shock in oil market? What will be the impact of this shock?
This year, a competitor has developed a similar toy that has significantly reduced demand for the toy truck. Now the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is 100,000 tru..
Suppose your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs;
Consumption per capita as a function of ? and s. e. Golden Rule consumption if ? = 10%. (Hint: Find the s that maximizes consumption)
How does the federal government implement its fiscal policies. given economic conditions today do you suggest expansionary fiscal policy or contractionary fiscal policy.
A firm's marginal cost of production is constant at $5 per unit, and its fixed costs are $20. Draw its total, average variable and average costs.
Discuss and explain perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings.
How much corn will the industry be willing to supply at a price of $200? What about at a price of $250? What about $300? $350? $400? ii) Use your answers to graph the long-run supply curve for the industry, that is, the quantity of output the indus..
Advances in telecommunications and information technology revolutionize the way Ms. Aura does business. She begins to use the Internet to nd all relevant information about clients and meets many clients through teleconferencing. The new technol..
Important member of the Board of Directors only have some basic training in economics. So you should explain your results intuitively and use the language so that people with only intro level economics can easily follow.
The market for paper in one region of the US is characterized by the following demand and supply curves: Qd=160000-2000P Qs=40000+2000P (Q is 100-pound lots) The marginal external cost of the effluent being dumped into the local streams ..
Explain how the US government managed to accumulate a debt of over 14 trillion. To whom does it owe this debt? Is the debt a burden on future generations?
The Bureau of Labor Statistics reported and total number of unemployed workers.
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