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Explain how new Classical and new Keynesian theory overcame their respective weaknesses/criticism as they borrowed from each other and are currently able to coexist successfully.
What do you conclude about relationship between change in sugar price and change in candy price. Might this knowledge lead to improved forecasts.
Elucidate problem which is posed by any comparison over time of the market values of various total outputs? How is this problem resolved.
here are many liquid cold medicines, all of which have almost exactly the same ingredients. Yet medicines with brand names that the man recognizes from television commercials are for more than the unadvertised versions. Elucidate in economic terms..
What are the factors which led M&S to internationalize
Rusal believed the price of aluminum would fall because of the growing accumulation of inventories worldwide.
Assume a consumer who buys cola and ice cream for snacks. Assume that the price of ice cream increases. Which of the following is an example of the substitution effect.
Assume an economy produces only pizza also jeans. If some resources are unique in the construction of either pizzas or jeans.
Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.
Suppose that the government imposed a $1 tax each time someone used an ATM. How would this tax affect output and the price level in the short and long run?
Assume that an English worker can produce 50 bottles whisky every hour or 1 sweater every hour.
Elucidate the equilibrium price and equilibrium quantity. Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price.
What research the long-run effects of entry into monopolistically competitive industries on prices, output, and profits. Explanation must be substantive.
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