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The Fiscal Cliff
Describe the so-called fiscal cliff and the expected impact for the State of Mississippi and the Mississippi Delta and for the firms herein using the key words you may have learned. Key words may include buy not limited to demand/supply, elasticity, subsidies, consumer spending, business spending, confidence, uncertainty, budget deficits, national debt, loss of credibility, double-dip, etc.
Quantity of pizzas demanded soared he following week from 1 pie an hour to 100 pies an hour. Illustrate what was the price elasticity of demand for Domino's pizza.
Problem on standard deviation
Illustrate what does the law of increasing opportunity price say and what is its implications regarding steel and textile manufacturing.
What do you think the increase in productivity is likely to move the economy closer to full-employment or farther away.
Utilize a various example from homes and cars. Be creative. We make these kinds of choices everyday.
The absolute value of coefficient of the price elasticity of demand.
Suppose Shaqueena is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
What are the two problems facing the Bank of Canada in trying to control the money supply precisely?
Two identical firms face linear demand. Market demand is given by P=30-Q. Compare graphically consumer and producer surplus in Cournot and Stakelberg equilibria to perfect competition.
Use the firm's isoquant-isocost diagram and the firm's marginal cost curve to explain and illustrate the output and substitution effects of a decrease in the price of labor.
Elucidate foreign demand for dollars as well as the international value of the dollar.
Describe what degree of concentration it exhibits. Would it be considered an oligopoly.
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