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Q1 If you are the chief economist of a country experiencing full employment and high inflation levels over the past four quarters, illustrate what macroeconomic policies, if any, might you enact in response to these economic conditions? Explain how would you expect each policy change to affect the economy?
Q2. According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce?
Q3. Why do you think IKEA's expansion into Europe went so well? Why did the company subsequently stumble in North America? Illustrate what lesson did IKEA learn from this experience? Explain how is the company now applying these lessons?
Explain which it would not be optimal for Firm 1 to make the investment if there were no threat of entry.
Excise tax is levied on the buyers of a good, then after the tax buyers will pay for each unit of the good.
Consider a product market for a normal good. Suppose consumers' income increases. Explain what will happen to labor demand for firms in that market.
Compute the deadweight loss if the U.S. imposes a tariff of 25 cents per bottle of imported wine.
How does the change of consumer and producer surplus compared to the tax revenue.
She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
Suppose we randomly poll 500 Americans and ask them whether they believe that the parents are involved. What is the distribution of the sample mean.
Government encourage a decision to expand? How would it affect the reputation of the business?
In a typical day the store sells some of each type of cola, which suggests that Major League Baseball has adopted FOA because it fears that regular binding arbitration is addictive.
Assume the two newspapers merge. Illustrate what is the likely post-merger bargaining outcome.
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
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