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Explain why do economists attempting to forecast short run future changes in real GDP and employment look closely at information on business inventories and unfilled orders? What conclusion could be drawn if the volume of unfilled orders and average length of delivery times decreased while inventories increased dramatically?
A firm with costs C(Q) = 1,000 + 60Q + 0.1Q2 is able to price-discriminate-What would happen if it were forced to charge all its customers the same price?
Expalin how can inflation derail the economy from its growth path.
Explain why is it that a firm in a perfectly competitive market can sell as much as it wants without a change in price occurring? As a result, what is the elasticity of demand affecting the firm then.
Discuss the so called fiscal cliff and the expected impact for the State of Mississippi and the Mississippi Delta.
Compute the effective price reduction resulting from the coupon promotion.
Explain how many popsicles will be sold every day in the short run if the price rises to $2 each. In the long run, if the price rises to $2 each.
All workers are equally productive also workers vary in their preferences. Compute a worker who values his wage and the risk level according to the following utility functions
Assume the normal production process for beet sugar uses high-sulfur oil for fuel and releases 2 units of sulfur dioxide to the air for every ton of beet sugar produced.
Assume you do not think that the statement does have any credibility. Illustrate what is the expected impact of the resulting policy on your business.
Compute the cross price elasticity with respect to chicken price, the advertising elasticity and the income elasticity using the information listed
Joe won a lottery jackpot that will pay him $12,000 every year for the next ten years. If the market interest rates are currently 12 percent,
Elucidate tools used to pursue expansionary and contractionary fiscal policy.
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