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Describe how each of following will affect consumption and saving schedules (as they relate to GDP) or the investment schedule, other things equal:
[A] a large increase in the value of real estate, including private houses[B] a decline in the real interest rate[C] a sharp, sustained decline in stock prices[D] an increase in the rate of population growth.[E] the development of a cheaper method of manufacturing computer chips.[F] a sizable increase in the retirement age for collecting social security benefits.
Relate each of the following to the recent productivity acceleration:
[A] information technology[B] increasing returns[C] network effects[D] global competition
You're the marketing manager of a firm that produces Titanium and sells this metal to two distinct kinds of customers: aircraft producers and golf club manufacturers.
MICROECONOMICS
The box industry was perfectly competitive. The lowest point on long run average cost curve of each of identical box producers was dollar four, and this minimum point occurred at an output of 1,000 boxes every month.
Determine what are the reporting reasons on why gasoline prices have been fluctuating and trending upward for the past twelve months.
The demand for energy in the United States is often stated as persistently non-cyclical and not sensitive to both prices effects. Given such characteristics, explain the effect of each of the following on the demand or supply for gasoline.
If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?
Discuss the difference between monopolistic competition, and perfect competition market models and also provide examples from the real life.
Explain how this tax or subsidy would achieve the socially efficient level of output. Among the various interested parties - the monopoly firm, the monopoly's consumers, and other taxpayers - who would support the policy and who would oppose it?
Why does the burden of sales tax fall completely on customer when the value elasticity of demand is perfectly inelastic; the seller when perfectly elastic.
Two small airlines provide shuttle service between Las Vegas and Reno. The services are alike in every respect except that Fly Right bought its airplane for $500,000, while Fly by Night rents its plane for $30,000 per year. Analyze fixed costs, Ma..
Assume monopolizing a service or product of your choice. Discuss how you would go about setting prices for your product or service.
Describe how each of the following will affect the price and quantity of equilibrium. To find out the new values, describe how the supply and/or demand curves will shift in the following cases (if at all).
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