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What impact will high and variable rates of inflation have on the economy? How will they influence the risk accompanying long-term contracts and related business decisions?
A product has an arc elasticity of -0.8. at a price of $7.00, 1000 units are sold per period. In order to sell 1200 units, what will the new price be. Illustrate what is the revenue at the old price ($7.00)and the new price.
Illustrate how much consumer surplus does he receive. What is the highest price you can charge for the "all you can eat" special and still attract customers.
Suppose that full-employment (and full-capacity) output in an economy is $200. If Ca is $150, lg is $50, Xn is -$10, and G is $30, what will be the macroeconomic result?
Should the seniority rule be eliminated, what is MOST likely to gain greater influence over the process of selecting committee chairs.
The biggest difference between Microsoft and software retailers is the market structure in which they operate.
The market demand curve is given by P = 100 - 4Q. Also, each firm has constant marginal cost equal to 28. There are no fixed costs. How much output will each firm produce in the Cournot equilibrium?
Suppose that the average total cost (ATC) of producing 8 units is less than the average total cost of producing 9 units. What can we say about marginal costs (MC) in relation to ATC?
Explain why does the profit motive does not automatically avoid air pollution in the production of steel and other products.
Where does the national unemployment rate stand relative to the Natural Rate of Unemployment
Explains vicious cycle of poverty. Explain the difference between the economic growth also economic developments.
What can the central bank do, if anything, to counteract the short-run changes in output and prices? If the central bank does not take any policy actions, what will be the long-run impact of the electronic payments system on prices and output?
How will this affect output and unemployment in the long run? c) Use an AS-AD graph to show the transition from the short run to the long run.
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