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Firms cam increase profits by increasing revenue and/or reducing costs. Provide three example (cite all reference) of firms that are trying to increase profits by raising revenue and three that are trying to do so by reducing costs.
Assume Ireland can produce 4 units of good X or 2 units of good Y. France can produce 3 units of good X or 9 units of good Y. What would be the terms of trade between Ireland and France for 1 unit of good X?
Between October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4 percent. How is it possible for output to increase without a proportional increase
Two neighboring island countries called Bertland and Ernamia.
they receive $200 in income, and they spend a total of $200. Rich families spend only 75 percent of their incomes; they receive $400, but they spend only $300. So the total consumption spending would be increased by redistribution of income.
Explain why this strategy may in fact, be rational Also, identify at least two other strategies that might permit Argyle to earn higher profits.
Imagine that you are the controller of a company responsible for adopting new accounting standards. You discover that your company uses an inventory valuation method than is different from other companies in your industry. Using the " Hierarchy of Qu..
The long-run growth rate of potential output is 3% per year, velocity is constant, the money supply grows at a rate of 5% per year. Initially, actual output equals potential output. The nominal interest rate is 3.5%. Prices are sticky in the short..
Dr. Cutthroat is a plastic surgeon specealizing in turning ugly, old people into young and beautiful/handsome creatures, for a fee, of course. He has just started a practice in an island far away from civilization, inhabited by ric h and ugly peop..
Tyvex LLC produces professional quality color laser printers. The market for professional color laser printers is monopolistically competitive. Suppoe that the inverse demand curve faced by Tyvex
Suppose that the demand for the final product drops. Using labor demand curve D1 as the starting point, what happens to the demand for labor?
Suppose the government wants to improve the living standard of entry-level workers. Two policies are being considered – an increase in the minimum wage
Suppose that you bought an asset that pays 6% nominal interest rate, you expect that inflation rate to be 1%, and the actual inflation is 4%. Calculate the expected real interest rate and the actual real interest rate.
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