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Two drivers - Tom and Jerry - each drive up to a gas station. Before looking at the price, each places an order. Tom says, "I'd like 10 gallons of gas." Jerry says, "I'd like $10 of gas." What is each driver's price elasticity of demand?
Examine the major effects that government policies have on production and employment. Predict the potential effects that government policies could have on your company.
Elucidate the fiscal policy also which factors limit its effect.
Each organization manager's performance was evaluated yearly in relation to the specified multiple goals.
Short term Treasury bills [3 and 6 month] have current annual rates of interest around 0.5%. Use that info plus your best forecast of inflation to calculate the real rate of interest on those bills.
supply qs600100pdemand qd1200-200pwhere qs is the supply of packs of cigarattes and qd is the demand for packs of
What is the "current macroeconomic situation" in the U.S. as of 2013 (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
Compute the price-cost margin for every firm and indicate which has more pricing power and why.
Hurricane Katrina was a natural disaster that would have had an impact in the United State economy. What effect would Hurricane Katrina have on aggregate demand or aggregate supply, other things being steady?
Discuss the differences between unemployment and underemployment and give examples of each. Include in your contribution the differences between fiscal and monetary policy and how each would be used to reduce high levels of unemployment.
What is Jung's opportunity cost of producing two additional pounds of crackers? Who has the comparative advantage in the production of crackers? Explain your answer. Who has the comparative advantage in producing cheese? Explain your answer
For each of the determinants of demands, identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinant of supply. In each instance.
Illustrtae what are the total fixed costs - total variable costs, and total cost of the lab given its current capacity.
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