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Create a supply schedule and a demand schedule for your product.
Using these schedules, draw a demand curve and a supply curve using PowerPoint or Excel. Use these to decide the equilibrium price and equilibrium quantity for the product.
Analyze five reasons why demand for this product could shift.
Analyze five reasons why supply could shift. Analyze the conditions that could lead to the following scenarios: a) Demand and supply both increase; b) Demand increases, supply decreases; c) Demand decreases, supply increases; d) Demand and supply both decrease. Then, create separate graphs for this product to illustrate how equilibrium price and quantity change in the four scenarios mentioned above.
How much output should the firm produce to maximize profit
just bikes inc. sells tricycles in partially-assembled and fully assembled forms. parents who assemble their own
Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.
suppose that the reserve requirement is 10 and the balance sheet of the peoples national bank looks like the
The manager of a coporate division faces the possibility of an audit every year. She prefers to spend time preparing if she will be audited; other wise, she would prefer to invest her time elsewhere. The auditor, who gets recognized for uncovering..
1. How might freeing up dead capital have helped to increase Mongolia's rate of economic growth 2.What type of investment would foreign residents undertake if they were to purchase a small fraction of the shares of stocks owned by Mongolia's ..
suppose market demand and supply are given by qd 300 - 4p and qs -50 3p. the equilibrium price isa 35.b 40.c 50.d
A negative externality created by a producer means that from the standpoint of the public's well being and for the producer and his/her industry in question Even a perfectly competitive market may produce too little of a good
assume the following data describe the gasoline market price per gallon 2.00 2.25 2.50 2.75 3.00 3.25 3.50 quantity
the owner of a restaurant is considering lowering menu prices to draw in more customers. he is debating between
one of the offenders cited in the article is the royal economic societys economic journal which charges about 50 more
Explain the various major reasons why the quantity of education in a country would likely be less than the efficient amount in the absence of any government intervention. Include a carefully labeled and well-explained supply-demand diagram that sh..
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