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Question about Supply & Demand
The information technology field is very competitive, and a large information technology firm has hired the bank for guidance. Firms may have to compete for high-quality IT professionals. At any given time, there are only so many IT professionals available for employment. You need to investigate what will happen to the wages of IT professionals when there are a few workers available. What will happen to the wages of IT professionals when there is a glut of workers? In terms of supply and demand, what can individual IT professionals do to increase their wages?
Illustrate what happens to bicycle supply. What happens to bicycle demand.
Utlizing the aggregate demand and aggregate supply model, draw an economy in a boom.
A profit maximizing firm produces three products X, Y and Z. The firm has no costs. There are three customers 1, 2 and 3. What will be the price of each product if the firm decides to sell them separately?
As with this data how could you make the cost benefit test to tell if at a given percentage level abatement is effiecient.
Illustrate what relative amounts of capital and labor will be employed to maximize output.
The demand and supply curves for gasoline (in billions per year) are given below. Using the equations, find the initial equilibrium price and the quantity in the market for gasoline.
Assume that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1.0.
In an article about the financial problems of USA Today, Newsweek, reported that the paper was losing about $20 million a year.
Elucidate this point of language so that it is understandable to someone untrained in economics.
Elucidate assumption concerning economies of scale will give rise to a determinant and optimal scale of the firm in Long run equilibrium in perfect competetion.
Compute the elasticity of demand for every parameter.
You are the manager of 3D Designs-a large company that does graphics work for Disney and other companies. You and your only competitor are contemplating the purchase of a new 3-D imaging device.
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