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Impacts of innovation and technology on the cost of production
What are the impacts of innovation and technology on the cost of production? What are the effects of technology on the various market structures?
When McDonald's Corp. reduced the price of its Big Mac by 75 percent if customers also purchased-Using your knowledge of game theory, what do you thank disrupted McDonald's plans?
Emily makes cartoons whioch she sells to her classmates. Her average product of labor is 5 cartoons every hour if she works for one hour, four per hour
Illustrate what are the reporting reasons on why gasoline prices have been fluctuating and trending upward for the past 12 months.
Is it possible that the levels of unemployment present day which are the result of government policies.
Discuss three automatic expenditures in the federal budget. What is the difference between discretionary fiscal policy and automatic stabilizers?
Assume that the Bank of China wishes to peg the rate of exchange of its currency, the yuan, in terms of the US dollar. In each of the following situations, should it add or subtract from its dollar foreign exchange reserves? Why?
You manage a US based company that makes shoe laces that you sell in a highly competitive marke
Suppose you are reviewing an isocost graph. The axis on the graph shows capital units on the vertical axis, and labor units on the horizontal axis.
Assuming that you get a summer intern job and a recession began while you are there. Write a memo to your boss, who is a member of Congress.
Begins with the economy at potential GDP, a war in the Middle East pushes up energy prices temporarily. The Fed expands the money supply to accommodate the inflation.
Explain how relevant to the real world do you believe this result is in the "contestable markets" view of the competitive process.
Show how to find equilibrium in an RC model? What is the relationship between the marginal rate of substitution between leisure and labor and the marginal product of labor in the RC model.
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