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Raising chickens requires several types of feed, such as corn and soy meal. 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. If the farm is now privately owned, how does the market guide the decisions that used to be made by the central planning agency?
Economists are in almost globally agreement that Free Trade is good for all countries. Why are they in such universal agreement.
The supply and demand equations for a hypothetical perfectly competitive market are given through QS=-100+3P and QD = 500 - 2P.
Explain how much more money has the Fed printed and where is it now. What affect will an increased M1 money supply have in the long-run.
Compute point elasticities at prices of 5 and 9. Is the demand curve elastic or inelastic at these points.
Assume the situations faced by the subsiquent individuals. Who gains and who loses.
Find out one story about the economy that has been in the news lately.
Elucidate tools are used to accomplish conscious fiscal policy.
Illustrate what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these costs.
Suppose the CFO of a German corporation with surplus cash flow has 1 million Euros to invest. Suppose that interest rates on 1-year CD deposits in U.S. banks
Explain how will unskilled workers adapt to a workplace requiring more skilled workers and fewer unskilled workers.
Illustrate what is the Laspeyres price index. Calculate ideal and Laspeyres indices.
Illustrate the amount of total benefits-total costs also total net benefits at the selected quantity
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