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Q. Suppose you were having lunch with your best friend who just enrolled in an economics class. He was complaining about Explain how irrelevant class was, commenting that he saw no useful purpose for economics. According to your friend, "I'm a nursing major. I will never use this stuff in real world." Having just completed same course in economics, you try to explain to your friend that economics affects everyone! Explain how would you explain to this person that economics is a daily part of his personal and professional lives? Use at least three examples of microeconomics and macroeconomics in your response.
The Solow Growth Model. In 2010, Japan was a large open economy with perfect capital mobility that was at its steady state.
Evaluate how sale of novels would change during a period of rising incomes. Assess probable impact if competing publishers raise their costs.
Why would elasticity of demand be important to you in determining the products on which the taxes should be levied".
If the annual real interest rate on the loans is 6%, explain how many car companies will buy a new car assembly machine.
Compute the upper and lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
If there were 30 million employed Theralanders and Theraland had a job-separation rate of 15% per month, explain how many people would find jobs each month.
What is the expected rate of depreciation in the Korean won relative to the Japanese yen
Find the equilibrium price also quantity, then find elasticity of demand. Which should the federal government consider when evaluating the rising cost of college.
How big would that budget have to be before he would spend a dollar buying a first cup of coffee.
Each station's objective is to maximize its viewing audience, in order to maximize the station advertising revenue.
Explain how much does the customer pay. Explain how much does the government receive as tax revenue.
Compare the additional revenue Circuit City makes as it moves from 2 million to 4 million copies of Vista with the additional revenue it makes as it moves.
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