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Supply Curve and New Technology
What happens to the supply curve and the equilibrium point when a new technology improves a production process?
If I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you? What should you be asking about the forecast?
Coimpute how much the shortage or surplus is if there is any.
Describe the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
Elucidate as accurately as you can how each of the following individuals which would be affected by unanticipated inflation of 10 percent per year.
Describe the need for federal government interventions in these crisis.
So many states provide firms with an investment tax credit that effectively reduces the price of capital.
Assume which is more difficult to monitor workers at larger firms than at smaller firms. According to the delayed payment compensation model,
Illustrate what is the elasticity of demand for the product that is produced by the company.
Assume the construction of the $360M stadium is to be financed entirely with debt to be repaid over 20 years.
Illustrtae what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
Explain the differences among the long run and short run aggregate supply curves. Consider these differences and explain how an expansionary gap occurs.
Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4. Find out the optimal values of both goods (Y*,X*) and Utility?
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