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Suppose that in response to a foreign crisis, the government increases defense spending by $50 billion. How would the increase in defense affect the economy? How would the effects differ depending on the size and sign of the output gap when the crisis began?
Explain how do you think that these individuals would rank the utility of these same expenses for themselves. What reasons may account for the similarities and differences in the ranking of such expenditures by your neighbor, your friend, and your..
Explain why did they have differing views on socialism, with Marx being optimistic and Weber being pessimistic.
Illustrate graphically the equilibrium of such a monopolistic firm.
Elucidate the production combinations society would like to choose. the boundary that divides all production combinations into attainable ones.
The firm must pay a fi xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate what is the smallest integer price that would make a firm willing to produce a positive amount.
Currently, every book it sells is priced at $10.50. Show strategy to offer a discount that lowers the price of a book to $9.50, a 10% reduction in price using the midpoint formula.
If the marginal revenue from a product is $15 and the price elasticity of demand is ? what is the price of the product?
Discuss a decision made by your chosen company that involved costs that should have been ignored. why did the company include these costs in their decision process.
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
Why may the effective patent life of a drug be shorter than the legal life. Explain why may the effective patent life of a drug be longer than the legal life.
firm's marginal cost curve crosses marginal revenue curve at an output level of 1,000 units. Illustrate what is firm's current profit. Illustrate what is likely to occur in this market and why.
What must the CFO expect about the Australian Dollar/US$ exchange rate 1 year from now if she chooses to invest in the US $ CD's instead of the Australian CD's.
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