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Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.
1. Is this company operating in a perfectly competitive market? Why or why not?
2. If the owner of the company asked you to assess whether or not they were using the optimal amount of an input (given a set price for that input), what economic criterion would you use in your analysis?
3. If you were asked to assess the economic profitability of this company, what economic tools would you use in your analysis?
4. What is the hypothesized elasticity of demand for one product/service that is produced by the company (or a product/company you are familiar with)? Given this hypothesized elasticity of demand, how should the company price their product in this market if the goal is to increase total revenues? Give justification for your answer.
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
Article may originate from the internet however please provide the link to the particular article you are reviewing.
Make a short paper which relates how specific material from economic course where we cover supply and demand, elasticity and etc.
Graph the accompanying demand data, and then use the midpoint formula for Ed to determine price elasticity of demand elasticity of demand.
Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?
Two executives were arrested by authorities for embezzling money for their firm. Short of confusion the only had enough evidence to put them away for 10 Years.
If the US population is growing at .88% per year, while GDP is growing at 2.5% per year, and if these growth rates remain constant for the next five years, what will be the population and GDP levels in five years? Please show your work.
Compute the short-run profit maximizing level of labor and capital demand. Compute the long-run profit maximizing level of labor and capital demand.
According to a recent article in the Wall Street Journal, side-impact crashes are among the deadliest, accounting for nearly 10,000 deaths per year.
Price comparison services on the Internet (as well as shopbots) are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product.
Discuss three automatic expenditures in the federal budget. What is the difference between discretionary fiscal policy and automatic stabilizers?
Use aggregate demand (AD) and aggregate supply (AS) model in which the short run aggregate supply curve slopes upwards to describe the equilibrium level of real GDP and prices if the economy is operating:
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