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Q1 Assume an individual is considering opening a new car dealership in a medium-sized metropolitan area (population = 200,000). Provide a list of economic variables you would recommend that the person consider in making his decision whether to open the business, and explain your rationale for including each variable.
Q2 List and describe the sources of spending in the economy by focusing on the four major sectors of the economy.
Q3 Explain the basic distinction between microeconomic analysis and macroeconomic analysis. Describe the types of issues that each branch of analysis focuses on.
Production function and Factors of production and Production Possibilities frontier
The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 25 percent in last year.
Calculate the industry output and market share at the current price of $2,200, assuming the prices are stable and unlikely to change.
Determine the official measure of the deficit
What is the maximum capital cost of the conversion unit for which a refiner should proceed with the investment - Change the price delta for Jet Fuel & Kerosene from ($5) to zero. What is the maximum viable capital cost now?
Analyse the months and times of peak and off-peak energy use. Using some of the DSM options and techniques discussed in this week, provide a proposal for the management of peak and off-peak energy consumption for existing rooms in a 1980s concrete..
points out that asymmetric information can have deleterious effects on market outcomes. a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to moral hazard or adverse selection.
Over the last thirty years the company of Petroleum Exporting Countries has had varied success in forming and maintaining its cartel agreements.
Mirk Labs is a pharmaceutical company that currently enjoys a patent monopoly in Europe, Canada, and the U.S. on Zatab, an allergy medication
Graph the demand and supply functions for sweatshirts and find the equilibrium price and quantity - what effect will an increase in the price of gym shoes (a complement) have on the equilibrium price and quantity of sweatshirts, all else constant?
Interview with the planning manager - Conduct interview with one of the managers in our company and ask him the questions
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