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1. Graph an increase in demand when supply is elastic and show the change in eq. P and Q. Graph a similar increase in demand when supply is inelastic and show the change in eq. P and Q. Compare the results.
2. Graph a market with a tax where firms pay the majority of the tax.
3. Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition. Compare the results.
Describe the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
What is the composition of GDP by percentage, what is the GDP per capita and If government purchases go up in the short run, what happens to GDP?
Illustrate what are some of the considerations in term of opportunity costs that you would have to include in arriving at your decision?
Make a monthly sales forecast for the firm for 2001. Why would the managers of the Chemical Company want monthly sales forecasts of this kind.
State are you for or against free trade. Are you for or against NAFTA? What is the economic basis for trade
Explain demand for cassette players is price elastic also they are cyclical normal goods.
Find out optimal consumption level of video games and burritos that maximizes total utility.
The market for paper in one region of the US is characterized by the following demand and supply curves: Qd=160000-2000P Qs=40000+2000P (Q is 100-pound lots) The marginal external cost of the effluent being dumped into the local streams ..
As per international political economics theory as a central part, I need to identify problems with organizing the international currency system.
Is innovation increasing or decreasing. Is the productivity of workers increasing or decreasing. Ellucidate what rewards exist for a company to be first with an innovation.
Is this type of bonus structure in the interest of the company? Use theoretical and graphical insights from chapter five of the textbook to explain your reasoning.
Suppose demand for the firms watches falls permanently to P = 20 - Q/20,000. In view of this fall in demand, what output should the firm produce in the short run? In the long run? Explain.
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