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Q. Elucidate reason for both wage and cost rigidities including policy implications for se rigidities. Would you conclude on se reasons suggested by New Keynesian economists as relevant to unemployment situation in South Africa? Motivate your answer by Yes or No.
Calculate the percentage change in nominal GDP, real GDP also the GDP deflator in 2002 also 2003 from the preceding year.
Illustrate what is the relationship among a firm's total income, profit also total cost?
Complete the columns for to conclude the profit maximizing output for this firm. Draw the relevant graph to show the profit maximizing output.
Based on your research, write summary on what you have learned about this country & apposes economy
Explicate fully why the monopolist will never select to operate where the demand curve is inelastic.
Explain what you think of an alternative way to restructure the compensation of EFT's sales force that could potentially enhance profits.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
Illustrate what variables other than cost appear to have the biggest impact on the demand products
Elucidate using the example of multiple equilibria in the labour market. Illustrate diagrammatically
Estimate the macroeconomic implications and microeconomic consequences of a monopolistically competitive firm or an oligopoly firm filing for bankruptcy.
This graph shows an aggregate demand curve and an aggregate supply curve for an economy with no exports or imports. Adjust the position of one or both curves to elucidate graphically the scenario described.
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