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Q. Assume that the marketplace for engagement rings is in equilibrium. After that political unrest in South Africa shuts down the diamond mines there. South Africa is the world's primary supplier of diamonds. Illustrate what will happen?
Q. If velocity is 6 the cost level is 1.2 also real output is 1,100 billion, illustrate what is the money supply? If the money supply is $300 billion the cost level is 1.3 also real output is 1,300 billion, illustrate what is velocity?
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.
Which system would be accompanied by occasional currency interventions by central banks to stabilize or alter rates to avoid persistent balance of payments deficits or surpluses.
Microsoft wants to sell more copies the additional income from each additional copy it sells.
Outline reasons why the marginal revenue product differs between workers in different jobs.
Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Assume which, in the efficiency wage model, it becomes more difficult for the ?rm to distinguish high-ability workers from low-ability workers in the labor market.
Elucidate the way in which short-run AFC, AVC, ATC also MC vary as the output of the firm increases.
Draw the wage-schooling locus for someone for whom returns to schooling decrease through college but increase after college
Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
Add a relative demand schedule to your diagram that implies that Malaysia is incompletely specialized.
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