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Business cycle explained in this answer
What is a Business Cycle? Explain what happens to Economic growth and Consumption at each stage of the cycle. At which stage of the Business cycle is your firm right now and why?
Using algebra find out the effects of this change in cost on profit maximizing output and the optimal profit.
What type of market structure is OPEC? What are some important issues that OPEC must confront in their efforts to control the price of oil?
Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
The best Leisure John may get in a week is 168 hrs. Other than that how many hours a week John works, he gets a $200 allowance from his father.
Expalin how can inflation derail the economy from its growth path.
Show the new utility maximizing bundle of gasoline and all other goods. What is the slope of the new budget line? What is the consumer's new MRS of all other goods for gasoline?
Which one shirts or sweaters, has a demand-elasticity which allow you to increase the price, sell fewer units BUT still increase your revenues.
A rural utility organization gives standby power to pumping stations using diesel-powered generators.
Explain when assessing the effects of the budget surplus, list the assumptions you are making.
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
Elucidate who decides whether these particular products should continue to be produced and offered for sale. How do these decisions differ between capitalist and socialist systems.
Illustrate what would the total price be at 99,000 miles rounded to the nearest dollar amount.
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