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Write a 1,750- to 2,450-word word paper in which you decide whether to purchase a house.
o Discuss which principles of economics directly relate to your purchasing decision.
o Compare the marginal benefits and the marginal costs associated with your purchasing decision.
o Explain how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that decision.
o Consider the roles of the domestic economy and international trade in your assessment of the strength of the economy.
o Determine what situations or conditions could have led you to make a different decision.
You have become concerned to the rm's sales are presently lower than the profit maximizing level, given the marginal cost of $1500 per workstation.
Elucidate how resource scarcity influences this marketplace also describe choices stakeholders must make.
Assume the economy starts out at point A. After that, the public anticipates that the Fed will use expansionary monetary strategy to shift the AD curve from AD1 to AD2.
Calculate and describe the Nash equilibrium (quantities, price and profits) in the game in which both firms choose their quantities simultaneously.
Explicate 2 important indicators the Federal Reserve System will use to analyze this particular economic situation.
The payoff matrix of economic profits above displays the possible outcomes for Bob and Jane who are involved in game of whether or not to advertise.
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
Why the incidence of the tax a consideration when government imposes this tax increase.
Elucidate how that a profit-maximizing bundle will typically not exist for a technology that exhibits increasing returns to scale
The U.S. cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Illustrate what effect will this have on its optimal price.
A firm uses 50,000 workers to produce 200,000 units of output per day. Compute the values for the following four formulas.
Illustrate what is the relative labor supply in the economy. Derive it and draw it in the same picture as in part (a). Calculate the equilibrium relative price of labor.
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