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Q1. Assume a small nation has following statistics: its consumption expenditure is $15 million, investment is $2 million, government purchases of goods and services is $1 million, exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million. calculate this nations GDP.
Q2. The demand for cars is given by the function: QD = a - bP ; and supply is given by the function: S Q = c + P ; where D Q = quantity demanded, S Q = quantity supplied, P = price; and a, b and c are constants. Solve for the equilibrium price and quantity in the car market as functions of a, b and c.
What are the strength of the neoclassical models of labor supply and labor demand. What are the weakness of the neoclassical models of labor supply and labor demand.
What would be the new equilibrium in this economy if Investment increased by $12.
Illustrate the way in which market forces shape the organizational responses using a range of examples.
What reliance performance would be measured efficient. Elucidate reliance behavior which would be considered excessive.
Indicate if GDP is affected, under what category and what happens to GDP Oklahoma cleans up after a devastating tornado.
In the country of Sildavia, a market basket of goods and services cost $ 130 in 2003, $ 140 in 2004, and $160 in 2005. Based on this information and considering 2003 as the base year, inflation from 2003 to 2005.
Using the numbers that you calculated above, explain the relationship between the marginal cost and average variable cost.
Prepare a recommendation for each company. Should your recommendations be the same for both companies
School tries to discourage Twinkie consumption by raising the price to $.40, by how much will Matt's mother have to increase his lunch allowance to provide him.
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
How to design an experiment to test the theory that changing the oil of the new backhoes and forklifts will reduce repairs.
Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.
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