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A firm with a kinked demand curve experiences an increase fixed costs.
Explain how the firm's price, output and profit change.
Illustrate what school of thought would make this suggestion, and how do economists of that school justify that prescription.
Suppose that the supply of fossil fuels like coal and petroleum will become more and more scarce in the next fifty years.
Elucidate how will this change affect international business. What other industries might be affected by similar technological advancements.
Competitive Market Equilibrium. Assume demand and supply situations in the competitive market for unskilled labor are as follows;
There is no Constitutional needs which individual states must accept monies offered by federal government to support requires affecting their citizens.
Assume bread is subsidized in a small Caribbean nation with a high percentage of citizens who live in poverty. The subsidy is paid to suppliers of bread through government in amount of 50 pesos per loaf.
In your diagram, show that a family that considers food a necessity, given $M/3 in cash would spend less than $M/3 on food. What is the optimal bundle of this type of family if instead of receiving cash it received the SNAP card? g) At bundle H, i..
A new taco-making machinery which is similar in size and cost to hog dog carts has encouraged more street vendors to begin selling tacos.
Assuming the points are the only relevant closing costs associated with the loan, what is the APR on this loan?The key concept to Case D is recognition that you will not have the full $200,000 loan value to apply against the purchase of the home , ..
Explain how MNE investment flows from richer countries to poorer countries can have a similar, and potentially accelerated, effect to that of "free trade". Consider the ways in which national tax and/or subsidy policies may affect this process.
Comparing which is the current quote has the Japanese dollar appreciated or depreciated.
There are many factors might change AD and AS, and equilibrium. Please evaluate the effect of following scenario on the AD curve, AS curve, and accordingly the effect on equilibrium price level and equilibrium GDP/output.
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