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Q. Compare to provide also demand conditions in both locations. How many people live in every place? Illustrate what is the weather such as? Illustrate what are the industries? How elastic will the price of hot coffee be in both locations? Be sure to consider the impact of climate. How will consumers behave to maximize their utility? Illustrate what is the standard income in every location? Illustrate what are the costs of production both in the short-run also long run for operating the pushcart? Predict changes in the equilibrium price also quantity if there is a bad heat wave in Texas also if the price of coffee must be raised 10% to compensate for rising coffee bean prices. Give a recommendation to Mr. Wilson of which city to place the coffee pushcart in. Also, explain why you choose this city also how it will impact the economy.
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
Using an indifference curve, illustrate Lorne's decision if he decides to work 10 hours every day.
Illustrate what adjustments are required for China to rebalance its current account. Illustrate what risks are inherent in such adjustments.
Illustrate what are the effects on the growth rates of cumulative o/p, cumulative consumption, and also cumulative investment.
The New York City rent stabilization law of 1969 established maximum rental rates for apartments in New York City
In which of the following cases should the United States produce more noodles than it wants for its own use and trade some of those noodles to Italy in exchange for wine.
A large school of sharks is reportedly seen by beach-goers at the beaches of Melbourne.
In which directions are they pushing or pulling the U.S. economy. Also, do you think the gap between real GDP and potential GDP will widen or narrow.
That of the following would mostly likely cause the Demand for miller beer to reduce.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
ohn also Jeremy are utilitarian's. John believes to labor supply is highly elastic while Jeremy believes to labor supply is quite inelastic.
Does a persistent balance of payment deficits result in a pressure to devaluate the currency.
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