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Q. Suppose a nation picks 1000 young adults at random to serve in the army. Illustrate what information do you need to determine the cost of using these people in the Army?
Q. Janet can produce (a) 10 units of X and 20 units of Y, or (B) 20 units of x and 5 units of y. What is the cost (to Janet) of producing 0ne unit of X? one Unit of y?
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
Distinguish between the resources market and the product market in the circular flow model.
Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.
Elucidate what type of returns to scale does this technology represent.
Illustrate what would happen to the profits CPI makes via their toothpaste division.
Illustrate what factor stores have in common behind their decline. Elucidate how would you conclude which were important also which were not.
Suppose you are a marketplace analyst specializing in theme parks also you're examining Disneyland's stock.
Wilpen plans to charge a wholesale price of $1.65 per can. As the average value of tennis racket is $110, and average household income of consumer is $24,600.
Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.
Explain what percentage change in the price of each of the three goods. Using a method similar to the consumer price index, compute the percentage change in the overall price level.
Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.
Illustrate the marginal revenue curve that corresponds to positive marginal revenue. Line segments will automatically connect the points.
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