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Explain how the market for corn would be affected if ethanol, a corn derivative, was used to fuel cars in the united States. How would the market be effected if new technology cause corn farming to be more efficient.
Assume that you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 un..
Explain how is the equilibrium level of national income determined in the Keynesian cross model? What are the major limitations of this model.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
Illustrate what happens to inflation is indeterminate; it could be either higher or lower than in the standard model.
What are coral reefs Status of coral reefs Threats to coral reefs Uses of coral reefs what is a Coral Reef. Fleshy sac topped with ring of tentacles around central mouth opening what is a Coral Reef.
The equilibrium quantity increase or decrease depends on Demand
Explain why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run.
You recently hired an economist to work with engineering also operations experts to estimate the production function for a particular line of office chairs.
Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed persons. How many people are not in the labor force?
What is cost-minimizing firm's expansion path will have vertical or horizontal segements.
If MC was $10 per unit, how much would the firm chose to produce? If FC was $200, how much does the firm earn in profits?
Sketch a simple T-account for First National Bank which has $5,000 of deposits, a required reserve ratio of 10 percent, and excess reserves of $300. Make sure you balance sheet balances.
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