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Define the four Market Models that we discussed in this course. Give an example of each. In your opinion is onebetter than the other and why?
Explain how do you plan to use this while making decisions about public expenditures.
Explain the basic logic behind the multiplier in words. Why does it require b, the marginal propensity to consume, to be between 0 and 1?
Determine the current GDP growth rate for the United State? Analysis the trend over the last few years. What stage of the Business Cycle would the United State economy be in currently given the trends?
As an industry moves from being a monopoly to a monopolistically competitive one (due to the entry of new competitors as the monopoly's patents expire, for example), what happens to the elasticity of the demand curve facing the firm
Asume that an individuals inverse demand for wireless services in the greater Atlanta.
Which one shirts or sweaters, has a demand-elasticity which allow you to increase the price, sell fewer units BUT still increase your revenues.
"K-12 and NCLB" Please respond to the following: Analyze the proposals for reform in the current K-12 system and determine which single proposal would be the most likely to succeed. Explain your rationale.
Relationship among consumption expenditures and inventories as well as their interdependence, and think in terms of the Multiplier.
Suppose that the software market currently has only one firm operating - microhard. A new firm Newvell could enter the industry.
Assume the the equipment can be sold for its $12,000 salvage value at the end of the 8 years. Also assume a 46% income tax rate for state and federal taxes combined.
Explain What the profit maximization condition of a business. What is normal versus supernormal profits.
How have you responded to increases in the price of gasoline over the past few years? How would you respond if the price of gasoline doubled over the next two years? What alternatives do you have for buying gasoline? Could you change to zero con..
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