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Watch the following video clip, A big lift in consumer confidence but how much is showing through on the shop floor and answer the following questions.
What has been some of the macroeconomic impacts on Harvey Norman. Use economic analysis to describe how this impacts on profits (Hint: what type of market structure does Harvey Norman operate in?).
george is seen to place an even-money 100000 bet on the bulls to win the nba championship.if george has a logarithmic
Does it seem logical that the amount of labor supplied (hours worked) will decrease if the wage rate gets high enough? Why or why not? Will this phenomenon differ as related to a summer job or permanent employment?
American Girl doll has an inverse demand curve of P = 150 – 0.25Q, where Q measures the quantity of dolls per day and P is the price per doll. The marginal cost is given by MC = 10 + 0.50Q. What is the total surplus at the profit-maximizing output le..
Elaine is going to invest $5,000 this year, and plans on increasing her investments by 7% each year. If she invests for 20 consecutive years and earns 7% per year, the amount she deposits on the 20th year is closest to …
If operators receive $25 an hour, how many operators should the agency hire. Illustrate what is the most the agency would be willing to pay the first operator.
Suppose that the required reserve ratio is 10% and banks have no excess reserves. The total demand deposit in the system is $100,000. Now the monetary authorities lower the required reserve ratio to 5%. Which of the following will likely follow? Expa..
As previously discussed, interest rates are critical to the adequate balance of money supply and money demand in the economy.
In a particular economy the real money demand function is, M^d/P = 3000 + .1Y - 10,000i. What is the real interest rate,r, that clears the asset market when Y =8000? when Y = 9000? Graph the LM Curve. Repeat part a for M = 6600. How does the LM curve..
Draw a production possibilities frontier (PPF) with missiles on the horizontal axis and butter on the vertical axis, illustrating these options, showing points A – F. What is the maximum amount of butter that can be produced, if all resources are dev..
Suppose a public referendum is being held on whether or not to levy a tax on cigarettes. Currently, the supply of cigarettes is given by Qs = -120 + 28P. You estimate the demand for cigarettes to be Qd = 200 - 4P. What is the price elasticity of dema..
Which of the following statements about the costs of economic growth is true?
What are the economic arguments in favor of such licensing and regulation? What are the arguments against? If such licensing does occur, what is likely to happen to the number of estheticians that practice, the prices they charge and their average in..
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