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One of the major political developments of the past several
One of the major political developments of the past several decades is the growing size and economic/monetary integration of the European Union. What effect do you think this will have on international trade between countries?
Explain why marginal product first rises, then declines, and ultimately becomes negative. What bearing does the law of diminishing returns have on short-run costs? Be specific.
Using the following data calculate Disposable Income:
What is the cost of producing additional car when 50 cars are being produced? What is the cost of producing additional care when 150 cars are being produced?
Illustrate what is the efficiency factor. Elucidate these factors in terms of the production possibilities curve.
What is the marginal propensity to consume. What is the slope of the consumption function (you should give a numerical answer, not a formula)?
Assume the United States increases the tariff on automobiles imported from Germany (and other foreign countries). What is the effect of this tariff-rate increase.
Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..
Explain how do you balance human suffering with the economic realities.
Estimation of sales from multiple regression models - figuring out the own price elasticity of demand and cross price elasticity of demand - the relevant business decision to increase the total revenue.
The price elasticity of demand for both tissue has been estimated.
Identify whether the subsiquent issues are macroeconomic or microeconomic and explain why you categorized them in that way.
Elucidate how the price level will be affected by these expenditures in the short-run. Explain how GDP is affected in the long-run.
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