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A. Access the Supply and Demand simulation.
b. Prepare a 700-word paper summarizing the content in the simulation. In the paper, be sure to answer the following:
1) What causes the changes in supply and demand in the simulation?
2) How do shifts in supply and demand affect your decision-making?
3) List four key points from the reading assignments that were emphasized in the simulation.
4) How can you apply what you learned about the concepts of supply and demand from the simulation to your workplace?
5) Summarize your results of the assessment for your instructor.
At level of inflation explain how long does it take for the price level to double.
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Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?
Illustrate what are the benefits and drawbacks of dynamic pricing for that particular company.
There has been some speculation that tax deductions like as the one allowed for interest on home mortgages will be eliminated or altered.
Assume a indiidual has $8 to spend only on apples and bananas.
Illustrate what recommendations do you have for Speedy to offset the impact of their increasing costs. What recommendations do you have for Speedy to increase their total revenues.
Suppose you are provided with the following production relationships, where the input is fertilizer (pounds per acre) and the output is rice (cwt per acre). Using graph paper, please graph AVP, MVP, and MFC
Suppose that the domestic demand and supply for hats in a small open economy are given by-Where Q denotes quantity and P denotes price.
Assume the graph below represents the market demand for a patented prescription drug together with the marginal cost and average cost functions for producing the drug. Draw the marginal revenue function for this firm.
If the indurtry can pay only one of the six salary levels shown, which should it choose? How many workers will it employ?
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