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Q1. The delivery of aged cheddar cheese is inelastic also the delivery of bread is elastic. Both goods are measured to be normal goods by a majority of consumers. Suppose which a large income tax increase decreases the demand for both goods by 10%.
Q2. With the similar business from the 1st conversion in mind, state the best possible merger or agreement to grow your organization also maximize profits. Explicate your rationale. Once more, with the similar organization in mind, converse the most effective way to maintain also extend a competitive benefit. Provide specific examples to support your response.
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
If you were a manager in a tobacco company, analyze the elasticity of demand for tobacco products. Evaluate the factors involved in making decisions about pricing tobacco.
How much output is lost as a result of deaths from secondhand smoke, according to the news.
Every may either 'cooperate' with its rival or 'cheat' in every period of play. If both cooperate, they earn $100 every in that period.
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
Illustrate what would happen if too more labor is hired without an addition to capital. Elucidate using economic terms.
Consider the construction of handmade rugs moreover assembly line robots in Canada and India.
Find a current article about one or more of the macro variables for a nation of your choosing, such as GDP, employment, inflation, or international trade.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
Suppose we randomly poll 500 Americans and ask them whether they believe that the parents are involved. What is the distribution of the sample mean.
If a tax were to be imposed on one of these items, for which item would the tax be the most efficient.
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