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Draw a straight line demand curve show where it is unit elastic, inelastic and elastic.
1. How is the McDonald's restaurant shown in the photograph different from those in the United States? How is it similar? 2. What does this photograph tell you about the global economy?
Emerging markets in other developing countries are gaining global influence and global power. In 20 years, these countries will be the dominant force in global economics. What should change, if anything, in the economic policies in order to make the ..
What is the value of a second option that has an exercise price of $75? (priced at the current stock price).
Due to a technological boom and rapid expansion of the economy, the Federal Reserve Bank is pursuing a contractionary monetary policy
What is the main reason for the economy to be in a recession? Explain How can the economy be stimulated by fiscal policy? What are the main tools of fiscal policy? Explain
Suppose the parameters of the IS curve are a ¯i = 0, b ¯ = 0.5, r ¯ = 3% and the real interest rate is initially R = 3%. Is the economy in its long-term equilibrium? Explain.
A firm sells its product in a perfectly competitive market where other firms charge a price of $120 per unit. The firm’s total costs are C(Q) = 60 + 8Q + 2Q2. How much output should the firm produce in the short run? What price should the firm charge..
The government releases a report saying that drinking coffee makes you live a longer, healthier life. At the same time, we discover that a very bad winter has killed most of the coffee plants in Brazil. How will these two changes affect the equilibri..
The mission statement for the Organization of Petroleum Exporting Countries states, “the mission of the Organization of the Petroleum Exporting Countries (OPEC) is to coordinate and unify the petroleum policies of its Member Countries and ensure the ..
R/C Aero Specialties produces unmanned aerial vehicles (UAVs), or drones, for commercial and recreational uses. The company has updated its design to compete with Fuji Enterprises, but its production costs for this new model require a retail price th..
What are the obligations or debts that a business must pay in cash or in goods and services at some future time because of past transactions or events called and how are they reported?
A robotics system will be purchased for a factory. The lease-purchase costs is $100,000 per year. Warranties will also be purchased. The warranties start at $20,000 in year 5 and increase by $20,000 per year through the end of the lease. What is the ..
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