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Demand for flower bouquets in a suburban town is described by: QD = 50 – 5 P + 2 Y, where Q is quantity, P is price per unit, and Y is an index of consumer income. Similarly, supply is described by QS = 10 P – 5.
a) If Y = 100, what is equilibrium price and output?
People of different age groups and situations take advantage of part time employment opportunities provided through the fast food industry.
We give praises to the marketplace system also to the institution of private ownership of resources. But here we will find cases where firms do not act in the best interest of society.
Briefly explain the tools that governments have to move the economy from either a recessionary or expansionary gap to the long run equilibrium level.
Consider a farm in the former Soviet Union. Try to describe how dicisions on the number of chickens to be raised, and the amount of each feed to use in raising them, were made under the old communist regime.
Calculate Gross National Expenditure (GNE) for 2014 and calculate Gross National Product (GNP) for 2014;
Illustrate what will be the actual dollar change in revenue and does it rise or fall.
Suppose the present market conditions of Microsoft Corporation.
As we know that there are some people who cannot have children who want to adopt, and there are pregnant women who for various reasons want to put their babies up for adoption
What are consumption and saving in each period, assuming no borrowing constraints? What happens if the consumer faces a borrowing constraint that prevents her from borrowing?
Why can't all the balance of payments accounts be in surplus? What factors determine the demand for British pounds in foreign exchange markets
Describe various revenue models available as video content shifts from atoms to bits. What are the advantages and disadvantages to each - for consumers, for studios, for middlemen like television networks and Netflix
Assume the role of regional integration in promoting global business of Kenya, Africa.
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