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The Chinese economy has a growth in nominal GDP of 6.4% and an inflation-adjusted growth figure of 6.9% for the year 2015. a) Explain the difference between nominal and real GDP, how they are measured and their usefulness in indicating economic performance. b) What does it mean that the overall economy is experiencing deflation?
Explain how the travel cost method might be used to determine the value visitors place on their right to visit a national park?
Suppose there are two inputs in the production function, labor and capital, and these two inputs are perfect substitutes. The existing technology permits 1 machine to do the work of 3 workers. The firm wants to produce 100 units of output. Suppose th..
Suppose Georgette earns $13 an hour installing transistorized digital chips in electronic calculators. If you were unemployed, would you offer to work for $8 an hour to get the job? Why might a profit-maximizing employer turn down your generous offer..
q.suppose you elasticity of demand for your parking lot spaces are -0.5 and price is 20 per day. if your mc is zero
According to the political business cycle theory, if the Fed wanted to see a President re-elected, prior to the election it might.
The market supply curve for a perfectly competitive, constant cost industry is:
d. Perform an annual equivalence analysis for the two options, and state which is the better option and why. Calculate the present worth of the incremental system (1 - 2), and state which option is better and why.
A project is being considered that will cost $17000. Expected returns are $3000 at the end of the years 1 and 2, and $X at the end of years 3 and 4,$3000 at the end of the years 5 and 6,$X at the end of the years 7 and 8, with this pattern repeating ..
Pick a brand. Assess its efforts to manage brand equity in the last five years. What actions has it taken to be innovative and relevant? Can you suggest any changes to the company’s marketing program?
The CEO has asked for your input into establishing budget timelines. briefly explain how you can use the concept of a budget calendar in describing reporting timelines to reply to the CEO?
Which of the following is/are not "valid" strategy options for entering and/or competing in foreign markets? A franchising strategy and a strategy of licensing foreign firms to use the company's technology or to produce and distribute the company's p..
Compute the changes in consumer surplus, producer surplus, government revenue and third party surplus. Also, show these changes on a graph.
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