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Bank of Canada sets monetary policy to try to achieve an annual 2% increase in consumer price index. Is the CPI a good index of your cost of living? Why or why not? is there a better measure of the cost of living?
If air quality improves however re are no effects on aggregate production or on market costs of final goods and services. Illustrate what would happen to GDP.
Assume that this cost is set by an upstream wholesaler with monopoly pricing power.
Suppose that the manager of a firm operating in a perfectly competitive market has estimated the average variable cost function to be: Fixed costs are $500. If the forecasted price of the firm’s output is $5.00, how much output will the firm produce ..
Now consider the following information for the U.S.: During 2014, consumption expenditures increased by $20.5 billion, gross private domestic investment declined by $8.8 billion, and government expenditures increased by $14.4 billion. In addition, th..
A perfectly competitive firm faces a:
Suppose you purchased a ticket to a concert for $30 a month ago. Last week someone invited you to a party on the same night as the concert. You would much rather go to the party than the concert. You have tried unsuccessfully to sell the concert tick..
Duopoly quantity-setting firms face the market demand p = 150 − q1 − q2. Each firm has a marginal cost of $60 per unit. What is the Nash- Cournot equilibrium?
A proposed $2.5 million dollar investment at a 70 MGY (million gallons a year) facility will save the facility $800 k/ yr in energy costs. Assuming an interest rate of 5%/ yr, and equipment expected life of 10 years. Should the facility make this inv..
Consider an organization where you work, or one with which you are familiar. What is an issue within the organization that could benefit from applying ethical principles? How can these principles be used?
What are your thoughts on tort reform, more specifically setting caps/limits (ceilings) on jury awards/verdicts in tort liability cases. Class action cases? Corporate liability cases? Is this a good idea? Who would lobby for these caps? Who DOES lobb..
Putting utility on the y-axis and wealth on the x-axis, use a graph to show why James would rather have $100 for sure instead of a gamble where he gets $20 20% of the time and $120 the rest of the time.
Briefly explain what influences the supply of labor used in this business. Briefly explain what influences the demand of labor that this business uses. What might be some ways that this business could reduce its costs per unit (ATC)? How might the bu..
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