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Suppose that national income is initially at its equilibrium level when desired investment falls. We would expect
- a fall in national income, but not by as much as the fall in desired investment- no change in national income even though desired investment spending falls- an increase in national income by an amount equal to the reduction in investment spending-a fall in national income by some multiple of the fall in desiredinvestment spending
Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fresh fish. The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced.
Arrow now sells 100,000 silk shirts at $100 each. The material per shirt expense $40 and labor costs are $50 a shirt. The company has $1.2m. In fixed costs.
Utilize an elasticity concept to elucidate each of the following observations.
If a nation can make a product efficiently but there is no domestic market for that product, how can that country increas through producing that item? Discuss the determinatives of demand and supply of a product.
Are marketing ethics critical to successful marketing. What do you think marketing ethics is central to building brand loyalty.
Customer demand for gasoline changes when the price of gasoline falls.
Illustrate what effect if any will this have on competition with Canadian and US firms. Elucidate extent is your answer industry dependent.
A monopolist currently charges $50 a unit for the 100,000 units of product it produces and sells every month. An economic analysis has shown that,
Price comparison services on the Internet (as well as shopbots) are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product.
The scenario is that I am going to open restaurants in China. One in Shanghai and one Beijing. These restaurants will serve healthy food such as salads, sandwiches, pizza, soup,
Explain how would each economist explain unemployment and what policies would each advocate.
Suppose an economy with constant state unemployment. the separation rate is 2.5 percent per month and the finding rate is 47.5 percent per month.
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