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"What is Economics?"
1-Identify a recent purchase that you made and determine how scarcity influenced your purchase decision.
2- Give an example how scarcity of a product would have an impact on a macroeconomic and microeconomic level. Explain your rationale.
"Principles of Economics"
3- Analyze what your opportunity costs have been in terms of personal resources that you have given up in order to take this course at Strayer University.
4- Explain two ways in which you applied the use of marginal cost and benefit to your decision to pursue a college degree.
A is autonomous expenditure, b is the interest elasticity of investment expenditure, k is the income elasticity of money demand, he is the interest elasticity of money demand, It is the tax rate, and mpc is the marginal propensity to consume.
So explain how popsicles will be sold every day in the short run if the price rises to $2 each? In the long run, if the price rises to $2 each.
Construct a graph showing supply and demand in the electronic dog feeder market and how are the laws of supply and demand illustrated in this graph? Explain your answers.
Suppose that the Fed's inflation target is 2 percent, potential output growth is 3.5 percent, and velocity is a function of how much the interest rate differs from 5 percent: %?V - 0.5 Ã (i - 5) Suppose that a model of the economy suggests
Decide if the values of the goods produced are included in the 2006 GDP and explain your reasoning.
Assume a company expects that a $20 million expenditure on R&D will result in a new product that will rise its revenue by a total of $30 million 1 year from now.
Compute the four-firm concentration ratio (C4) before the merger. Show your work and round your answer to 4 decimal places.
The manufacturer of these products has been in business for over 350 years.Your task is to find two more businesses which have also been around for at least over one hundred years.
Assuming the population is roughly symmetric construct a 95% confidence interval for the mean annual consumption of alcoholic beverages by European young women.
Vulnerability Analysis
If the income tax base were broadened by eliminating these deductions, tax rates could be lowered, while raising the same amount of tax revenue. For each of these deductions, what would you expect the likely effect on taxpayer behavior to be
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
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