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Norplant, a long-acting contraceptive, dates to the early 19
Norplant, a long-acting contraceptive, dates to the early 1990's. In the US, they were priced at $350 and in other countries at $23. a. Why would the firm price it differently in different countries? c. What do you think will happen to the price over time? Why?
Elucidate why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly.
Explain how do these tools influence the money supply, and in turn, affect macroeconomic factors.
As what will happen if the marketplace is characterized by sticky wages.
Time Magazine and Newsweek are two competing news magazines. Suppose that each company charges the same $5.00 price for their magazines. What is the Nash equilibrium for this sequential game?
Illustrate what can you say regarding your price elasticity of demand of apples
Discuss the differences among commodity money and fiat money, making sure to explain what makes fiat money work.
Elucidate how do Keynesian and Real Business Cycle economists differ on the right response to Japanese stagnation.
Illustrate what are your preconceptions of economics. Do you think economics will be a relatively difficult course.
Assume market demand and supply are given. Equilibrium price of X is $100 per unit then producer surplus is.
Elucidate Classical economists believed in the self-correcting nature of the economic system. They believed that the major adjustment.
The economic prices of international buiseness usually exceed the economic benefits in both the short-term and long-term.
Compute total revenue, marginal revenue, marginal cost, and average total cost of this natural monopoly. What is the profit maximizing output and price for this natural monopoly when the government does not regulate it?
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