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A Paper Company produces 1 million euros worth of paper and sells it to a book publisher, which prints 100,000 copies of an economics textbook for which it paid an economics professor 500,000 euros to write. The publisher sold the textbooks to university bookstores nationwide for 3 million euros. The university bookstores received 4 million euros from students in exchange for the books.
Illustrate what is the total contribution to GDP from the above events?
You recently hired an economist to work with engineering also operations experts to estimate the production function for a particular line of office chairs.
Elucidate, with the aid of demand and supply curves, the impact of increased crime on the demand for private security services. On your diagram, show the changes in the equillibrium price and quantity.
if you were asked to forecast Jan also Feb sales for next year, would you be confident of your forecast using the preceding moving averages.
Demonstrate and explain the full process illustrate what happens when the central bank increases their long run target for inflation.
Consider what you have learned about the root causes, as identified by leading economic thinkers and policymakers.
Imagine that last year, Jennifer earned $80,000 in salary, and consumed $50,000 in goods and $23,000 in services. How could we best categorize the remaining $7,000.
Elucidate one opportunity for Big Drive Auto that requires a business management decision.
Switch grass was promised to be the new crop that would replace corn as the primary feedstock for bio-fuels a couple of years ago. Why have we still not switched to switch grass.
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
Now assume that once he earns $400 he loses all his food stamp assistance. How does this change his budget constraint.
Illustrate what about Italian labor-force participation rate and unemployment rate.
Firms are competing by choosing prices. Suppose that every firm's marginal cost is zero.
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