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1._Bread.Flour is used to produce bread. The price of flour increases. Is this increase in supply, increase in demand, decrease in supply or decrease in demand?
How do barriers to entry impact the level of competition in a market What might happen to market price as greater barriers to entry come into existence? Not all barriers to entry are created through market conditions.
The marketplace structure of Starbucks is a monopolistic competition. In the coffee industry, many producers and consumers exist, the goods and services are mixed.
Describe how a budget constraint of a house hold in a two-period model is affected by each of the following changes. In each case, do you think the household is better off , or worse off, or is it ambiguous.
Why do the economists use real GDP rather than nominal GDP to gauge economic well-being and discuss critically GDP as a measure of economic welfare and how each of the following events is likely to affect GDP?
a. derive the is relation.b. derive the lm relation.c. solve for equilibrium real output.d. solve for the equilibrium
Assuming the firm shown in the graph below is a perfectly competitive equilibrium rather than a monopolist, what would the price and output be if the firm wants to maximize profits in the long run?
$10,000 is exchanged into Swiss francs at an exchange rate of $1 = 2 SF to buy the bonds. How many dollars will the investor have after one year if the exchange rate is then $1 = 1.5 SF?
support the macroeconomic forecast using the real and financial frameworks that irelands unemployment rate will remain
Determine the economic implications for the United States of the increase of China and India as significant economic powers.
Syracuse Paper supplies printer paper in upstate New York. Like output of other wholesale distributors, Syracuse Paper must meet strict guidelines and printer paper supply industry can be regarded as perfectly competitive.
explain international trade wars can take place and competition among nations is reduced.
You borrowed $5,000 at 6%, compounded annually. The loan was repaid according to the following schedule. What was the payment in the 3rd and 5th year?
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