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It is unclear to a economic novice like me why OPEC is not cutting down production and raising oil prices. I have read several journalists commenting upon this on the internet but perhaps an economist can explain this current fact better.
Comparing the situation of a nominal interest rate of 10 percent and an inflation rate of 9 percent with a nominal interest rate of 6 percent and inflation rate of 2 percent, consumers would borrow more in which situation?
A firm has just increased its price by 35 percent over last year’s price, and it found that quantity sold decreased by 45 percent. The firm comes to you and wants to know its price elasticity of demand. What additional information would you search fo..
Explain how the market will respond to the new product. If demand is high, then it's worthwhile to make the extra investment for special facilities also equipment needed to produce the component internally.
q.an economist claims depends on an econometric study that high profits in a certain industry are explained by that
The mission must comprise APA format references on the final slide and in-text references on the slide where information is presented.
What percentage of total spending must president and Congress act upon each year. What accounts for remaining expenditures.
What economic considerations must individuals take into account in making the decision to open a business?Coporate Finance
If/when the proper research is done businesses can maximize profits while developing new products as well as promote their current products in the most advantageous of ways.
How to design an experiment to test the theory that changing the oil of the new backhoes and forklifts will reduce repairs.
Tamiflu, produced by Roche, has so far been the most effective medicine to tackle bird flu. Roche was granted a patent on the drug which enables the pharmaceutical firm to charge higher prices and earn higher profits. Monopoly is inefficient as it ch..
The price elasticity of demand for mopeds, in absolute value, is 0.5, by what percentage will the quantity of mopeds demanded increase if the prices fall by 10%?
Using the information you have learned so far in this class, state what you think will cause market fluctuations over the next few years as the economy struggles to recover. What areas of the economy should be closely watched as indicators of future ..
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