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Photographs such as image B were extremely common in the media in 1989, showing East Berliners shopping in Western stores. What do such images suggest about how the East's previous isolation was interpreted in the West, and what does it say about how both sides may have viewed the consequences of their newfound freedom?
A faculty member sells Gatorade at UNC Charlotte football games. He finds that if he raises his selling price by $1, he sells 5 less bottles each week. He turns over the operation to a Managerial Economics student for a week. What price did the stude..
Describe the 'maximisation of shareholder wealth' concept and evaluate the importance of business ethics in relation to maximising the firm's value.
Kinnetics inc purchased a piece of land for 500000 and equipment z for 25000 on january 2, 2015, kinnetics is subject to a 25% tax rate and all of kinnetics' depreciable assets are class 10 with a cca of 30%.
Formulate the following problem as an integer program: A set of n items are to be repaired in a factory. Item i takes time t_i to repair and requires W_i workers working continuously. It arrives at time a_i and it must be finished by time d_i. The pr..
Consider an economy where C=200+0.25(Y-T) I=150+0.25Y-1000i G=250,T=200 (M/P)d=2Y-8000i (M/P)s =1600 X = 0.3Y*, IM =0.2Y, ε (real exchange rate) = 2, Y* is foreign output (Y*=900) 2. Calculate the multiplier if the economy is closed and the multiplie..
Bob and Karl are deciding how to split their time between writing music and lyrics for their new album. Their PPFs for 72 hours of work are shown below. Bob and Karl have to write music for 8 songs and lyrics for 12 songs (4 songs already have music)..
Illustrate fiscal policy action might increase investment and speed economic growth.
Using the rule of 70, if a person lived to be 70 years old in a country with an average annual growth rate in real GDP per capita of 2 percent, the average income during this person's lifetime would increase by approximate
Oceana is small country. Using the open-economy macro model, trace the effects of the following actions on savings and investment in Oceania and Oceania’s trade balance. Make sure you explain the transmission mechanism of these effects with graphs.
Billy and Bob are both 50 years old and work at the same rm. Billy is a more able individual and presently earns $90,000/year; Bob earns $50,000/year. They have the opportunity to enroll in a job-training course for a one-time cost of $10,000. What i..
What is the equation of exchange and velocity of money? Explain the quantity theory of money and its relationship to NOMINAL GDP. What happens in the long-run when the money supply (MS) increases? What if LRAS and MS grow at 3%? What if velocity vari..
Let a consumer's utility function be U = min (Computer, Operating System). That is, the consumer needs one operating system per computer to be able to use them. Derive the consumer's demand function for computers as a function of prices and income.
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