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Describe the difference between marginal cost and average total cost. Why are both of these cost important to a profit-maximizing firm?
What does the change in prices after a significant change in interest rates say about the relationship of price and interest rates.
The money supply in $1 trillion, the price level equals 2, and real GDP is $5 trillion in base-year dollars. What is the income velocity of money?
Use the sticky wage theory of aggregate supply to explain what will happen to output and the price level in the long run. What role does expected price level play in the adjustment?
Contingency theories try to predict leadership efficiency. Common sense would tell us that not all traits or behaviors of leaders are positively related to effectiveness all of the time. Instead, whether a leader behavior is effective will depend on ..
Given the market for corn in equilibrium, show the effect on price and quantity of the following simultaneous occurrences: Good weather results in a 10% increase in the harvest of corn.
q1. if the ad shortfall is 800 billion and the mpc is 0.8a explain how large is the desired fiscal stimulus?b explain
illustrate what way is Per Capita GDP a better measure of economic well being than GDP. How does this relate to economic problems in the undeveloped world.
As wages increase for Apple Workers, what happens to the price and quantity of iphones? As the price of drone phones decrease, what happens to the price and quantity of iphones? If the government taxes cell phones, what happens to the price and quant..
The purchase of copy paper by Intel for the company staff. The purchase of an electronic handheld organizer by a sales manager to keep track of clients. The purchase of a new aircraft carrier by the Navy
Can an economy be faced with endless trade cycles also still have its Real GDP grow over time?
What factors affect the costs of cancer drugs? How? What is scarcity? How does the cost of medical therapy relate to the economic concept scarcity?
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.
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