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Suppose you were the economic advisor to the leader of a small, developing country. What advice would you give him or her with respect to how the country could raise the productivity of its labor force?
Explain how to measure the price elasticity of demand and supply and the cross elasticity income elasticity of demand? Explain how you would calculate the price elasticity of demand for gasoline.
Now suppose that the interest rate falls to 50 percent, and the household decide not to borrow or lend at all. Is the household better off or worse off with the higher interest rate?
In looking at market structures we often see that monopolies are sole providers of a good or service. In looking at utility companies, why are they typically awarded the ability to be monopoly from government?
q1. the wage rate is pound5 and the rental rate cost of capital is pound2. calculate the lowest cost method of making 4
What does globalization mean? Is globalization a good thing or a bad thing? Why? Are we experiencing global integration or disintegration? Why is it important to widen our global view?
Use Porter’s five competitive forces to perform Domino Pizza’s strength assessment ( Do not miss factors for each Factors, The answer should have the same format as the required format, For each force, the competitors, suppliers, or customers are not..
Illustrate what variables or than cost appears or have biggest impact on demand for McDonald's products. How much influence does company have over se variables.
1. Sales of cars declined by 15 per cent in a recent recession. During this period the price of cars rose by 6 per cent, average income fell by 4 per cent and the price of petrol rose by 20 per cent. It has been estimated that the PED for cars is - 0..
What describe the distribution of national salary among labor and capital in a competitive, profit-maximizing economy with constant returns to scale.
Suppose that a small nation produces mushrooms for domestic consumption also possible export.
The relevant cost index was 120 4 years ago. The cost then for a gas station tank of 1,500 gallons was $40,000. We want to now purchase one size 4,500 gallons but the purchased price cost index is now 300. Assuming a power law size model with exponen..
Consider the timing: The incumbent chooses whether to invest; then the entrant observes the incumbents investment decision; then the firms compete in prices. Show that in subgame perfect equilibrium (SPNE) the incumbent does not invest.
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