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Q. Imagine that last year, Jennifer earned $80,000 in salary, and consumed $50,000 in goods and $23,000 in services. How could we best categorize the remaining $7,000?
Q. At recieves government subsudes that are in place to protect the population rather than for economic reasons?
A huge increase in resource costs causes the price to rise to $9 also Block's only manages to sell 460 bottles of perfume.
Explain how are presidential election outcomes related to the performance of the economy. What are the major factors that have affected U.S. household consumption since the recession in 2001.
If each of the firms sets its own output rate to maximize its profits, assuming that the other firm holds its rate of output constant.
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
positive levels of output and are zero if the monopolist shuts down. If current output level is 5, illustrate what should the monopolist do to increase profits.
Explain how does one construct a linear (or other mathematical program) to solve a competitive or walrasian equilibrium problem.
Competition in the market is such that each of the firms independently produces a quantity of output.
Elucidate how that the regression R^2 in the regression. The assumption that more is better satisfied for both goods.
Calculate the equilibrium interest rate by setting the demand for central bank money equal to the supply of central bank money.
Advertising is powerfull strategy to make people aware about company products and services and for this case is to emphasize reliability and low price, this effort will help the company to sustain in this area and to develop a customer franchise a..
Illustrate what marketplace structure did you assume. Would your answers in b change if the marketplace for sewing machines were competitive.
Compute the resulting equilibrium price quantity combination for every industry. Illustrate your answer with a suitable graph.
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