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Your starting salary is $35,000 per year. After one year, you are given a raise that increases your nominal salary. Which of the following salaries would you prefer the most? a $36,000 salary with a CPI of 103.0 a $38,000 salary with a CPI of 104.0 a $39,000 salary with a CPI of 109.0 a $39,000 salary with a CPI of 110.0 a $37,000 salary with a CPI of 106.0
Suppose that a monopolist sells a product to consumers with an aggregate demand that is downward sloping in quantity, D(Q) = 200 − 2Q. The total cost of producing Q units is C(Q) = 20Q + 2Q2. What are the consumer and producer surpluses (CS and PS) a..
Why does equilibrium real GDP occur where C + Ig = GDP in a private closed economy? What happens to real GDP when C + Ig exceed GDP? When C + Ig is less than GDP? What two expenditure components of real GDP are purposely excluded in a private closed ..
What are soft laws? What are the advantages and disadvantages of soft laws? Why are soft laws sometimes the outcome of negotiations on global environmental regimes?
Over which range of production, the marginal product of the variable input would be increasing in the short run.
Imagine you are consulting with a manager of a business that sells cleaning supplies to nursing homes. Your client wants to develop a marketing plan but has a small budget for marketing his business. How would you show your client the benefits of a m..
List out the distinct characteristics of a perfectly competitive labor market and compare them to the characteristics of monopsony.
Next write about the situation at hand and what is involved. Then do a SWOT analysis of Cirque Du Soleil. Then give your suggestions to improve Cirque Du Soleil's business in the global arena. Why do they export to the international locations they se..
Compare and contrast the effects of a quota and a tariff on imports. Be sure to include both short-run and long-run effects in your answer. Differentiate between the current account balance and the capital account balance.
If a severe drought decreased labour productivity in Zambia, explain what will happen to each of the following.
The method used to prepare the budget can also affect the amount of time it takes to complete the budget. For example, companies that use participative budgeting will likely take longer to complete the budget process. What is participating budgeting?..
What effect would each of the following have on aggregate demand or aggregate supply
In distributing its line of high fashion clothing and accessories, Ralph Lauren considered the following channels. ALTERNATIVES a) Entering into distribution agreement with independent third parties (Macys*, Bloomingdales, Saks…), thereby, generating..
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