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What is the objective of the firm manager, and what is the criterion for determining the output level in each of the following cases:
a) The price of the product is less than the shut-down piece?
b) The price of the product is greater than the shutdown price but less than the break-even price?
c) The price of the product is greater than the break-even price?
A decrease in the government's budget deficit ______ the real interest rate and ______the equilibrium quantity of national saving.
Nominal GDP increased from roughly $10.3 trillion in 2001 to $14.4 trillion in 2008. In the same period prices rose on average by roughly 19.78 percent. By how much did real GDP increase?
The consumer likes orange juice and cranberry juice but he or she does not like to have them together. In another words, consumer prefers 8 units of orange juice and 2 units of cranberry juice or 8 units of cranberry juice and 2 units of orange juice..
An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants to take on a partner to learn the business and eventually buy the practice in three years. Discuss the plusses and minuse..
when y converted their savings into deutsche marks, y flocked to Volkswagen dealerships. How can you explain this apparent paradox.
For a competitive firm facing a market price above average total cost, the existence of economic profits means that the firm should increase output in the short run even if price is below marginal cost.
Illustrate what happens to money supply, interest rates and economy in general if Federal Reserve is a net seller of government bonds.
Iran subsidizes gasoline, leading to a cost to consumers that is one-fifth the market cost.
Explain when prices are set by the sellers and are not determined by negotiation between the buyers and the sellers.
What is accounting equation? Please give an essay on accounting equation and give a good example on it, i need to develop a project on accounting equation.
Mary Carey, a clever 3360 student, has borrowed $125,000 at 8% from her parents. She is asking Dragon Kevin for $75,000 to start her own business. Kevin requires that the business make a 12% rate of return. If they both agree, what is Mary's before-t..
Suppose a computer virus disables the nation’s automatic teller machines, making withdrawals from bank accounts less convenient. As a result, people want to keep more cash on hand, increasing the demand for money. Assume the Fed does not change the m..
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