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An economist has predicted that for the next 5 years the U.S. will have an 8% annual inflation rate, followed by 5 year at a 6% inflation rate. this is equivalent to what average price change per year for the entire 10-year period?
Within which sections of the production function is marginal product increasing. Explicate the link between scarcity, choice and opportunity cost
Use this information to predict the annual number of VCRs sold if increasing competition from Asia causes VCR prices to fall by 10% with income and the price of DVDs is unchanged. 4.35 million 5.65 million 5.85 million 4.58 millio..
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits
What is the expected value and standard deviation of the safest investment strategy you can make by this means. What is the highest expected value you can achieve.
Determine optimal number of plants that firm should have to take full advantage of market demand. Compare firm's profit with multiple plants with its profit with a single plant.
Explain why do people routinely stuff themselves at â. all-you-can-eat-buffetsâ. Elucidate in terms of both utility and demand theories.
Illustrate what is the relation between marginal benefit and marginal cost at this level of the control variable.
How much time will an e client deer spend in each patch when re are n deer. Min. Avg. Cost Sincere is free entry into deer business, equilibrium population is maximum number of efficient deer who can survive.
describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment
If he estimates that the industry supply function for computers in the town is P = 700 + .5Q, explain how many computers will be sold at equilibrium and at what price would the producers be selling.
How do such policies impact product price and industry output and employment? Are these kinds of policies easy to implement in practice? How has globalization of production affected our ability to control pollution?
In the short run the typical company increases its output but its total cost also rises. Hence, the effect on the company 's profit cannot be determined without more information.
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