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Economics Assignment
1. Describe an instance where a change in price moved you along your demand curve for a product.
a. What was the product?b. Did the price of the product increase or decrease?c. Did your quantity demanded increase or decrease? Why?
2. Describe an instance where a change in the price of a substitute changed your demand for a product.
a. What was the product?b. What was the substitute good?c. Did the price of the substitute increase or decrease?d. Did your demand for the product increase or decrease? Why?
3. Describe an instance where a change in the price of a complement changed your demand for a product.
a. What was the product?b. What was the complementary good?c. Did the price of the complement increase or decrease?d. Did your demand for the product increase or decrease? Why?
consider the following production function y fkl a k0.4 l1.0a. calculate the marginal product of labor.b. does this
question 1.everclean services provides daily cleaning maintenance of toilets in food courts in singapore. dozens of
Consider the monopolistically competitive market structure, which has some features of pure competition and some feature of pure monopoly.
Discuss at least three reasons why you perceived the communication to be effective, and explain the resulting impact to the business.
indifference theory can explain all rational choices and behavior.try the theoryout on this situation. suppose the only
increase aggregate demand by cutting government spending or raising taxes. decrease aggregate demand by cutting government spending or raising taxes.
you are starting your own internet business.nbspyou decide to form a company that will sell cookbooks online.
price fixing is a per se violation of the clayton antitrust act. from the materials in the library and the internet
suppose you are lending 1000 to your friend. you want to get a return of 3 but your economist informs you that
we have established a relationship between net capital outflow nco and the trade balance net exports. during this
sometimes market activities production buying and selling have unintended positive or negative effects outside the
Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition.
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