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What are the impacts of innovation and technology on the cost of production?
What are the impacts of innovation and technology on the cost of production? How does technology affect market structure and real-world competition? Which market structure is best suited for technological innovation? Explain your answer. How has technological innovations affected your organization?
Suppose no increase in the price of labor, how many workers will the bakery hire.
Suppose the government is concerned that the going wage rate of $6 per hour for low skilled workers is too low.
Each demand curve must eventually hit the quantity axis because with limited incomes there is always a price so high that there is no demand for the good.
Discuss the appropriate monetary policy that the central bank should be operating, given the above situation.
Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.
Compute the long-run impact of a permanent rise in money supply versus a permanent tax cut.
Compute total revenue at each and every price for this demand curve.
Explain why did the Fed begin to raise interest rates at a point in the economic recovery with concerns over terrorism and rising energy prices causing great uncertainty.
Explain how would you use these cost also revenue estimates to determine whether a sales force increase (or possibly a decrease) is warranted.
Illustrate what do you think would be the effect of increases/decreases in the dollar's exchange value on the firm's profitability.
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Elucidate what you can do, if the best technology was used to produce the components of the system to achieve the .99 reliability.
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