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Law of supply
Sunrise Surf Shop is willing to produce 30 surfboards in a month if it can sell each board for $300. If it can receive $500 for each board, the shop is willing to produce 70 surfboards. This is an example of the law of supply. Do you agree or Disagree?
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Please refer to Citizen Gas Company PDF for case study and questions. The case study belongs to Economics. Citizen Gas Company is a medium sized company with customers from residential, commercial and industrial sectors.
Question: Do brief research on ASEAN Economic Community (AEC) and discuss on the following questions: How does the AEC affect the multinational firms investing in AEC members? What is the effect of AEC on the U.S. economy?
hat kind of demand does walmart's products have? Does it vary by season? What market segment does Walmart target?
Evaluate price elasticity of demand
Angelica pickles manager a Quick copy franchise White Plains, New York. Pickles projects reducing copy 5¢ to 4¢ each, Quick Copy's $600-per-week profit contribution will increase by one-third.
How does competition affect profits and prices? What causes some firms to enter an industry, and others to leave it?
Assume the labor force decreases in size due to the large number of people reaching retirement age and subsequently entering retirement. At the same time real interest rates in the economy fall. What will happen in the economy?
For each of the following transactions, identify whether or not it would be included in GDP: What is Metrica's GNP? Is it higher or lower than its GDP?
Why does rent control result in a shortage of rental units.
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, like obesity and heart disease. Answer the following: in 600-800 words
What is your expected rate of return over the one-month holding period?
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