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Q1. Assume that over a range of prices, the price elasticity of demand varies from 15.0 to 2.5. Over another range of prices, the price elasticity of demand varies from 1.5 to 0.75. Illustrate what can you say about total revenue curve over these two ranges of the demand curve as price falls?
Q2. Which of the following is a necessary condition - something that must occur- for nominal GDP to rise?
Q3. Assume that the supply curve for school teachers is Ls=20,000 + 350w and the demand curve for school teachers is Ld= 100,000-150w, where L= the number of teachers and w=the daily wage. Plot the demand and supply curves, Illustrate what are the equilibrium wage and employment level in this marketplace? Now, Assume that at any given wage, 20,000 more workers are willing to work as school teachers, plot the new supply curve and Find out the new wage and employment level. Why doesn't employment grow by 20,000?
Illustrate what is the size of the labor force. Illustrate what is the official unemployment rate.
Elucidate Illustrate what would happen if an outside agency Concluded the prices eBay could charge.
Explicate why the PPF before the war is different from the PPF after the war. Explain how you appraise the role of modern government.
Derive Chenyu's consumption function in terms of her annual income Y and initial wealth W according to the life-cycle model.
Is it a local, regional or national monopoly. What are some of the Barriers to Entry into this industry.
What is the difference between a production function and an quant. Explain the law of variable proportions with the help of quant.
As part of your answer converse whether or not one or more of the legs of the organizational stool was unbalanced.
This question uses the general monetary model, where L is no longer assumed constant.
Assuming that a merger faces some threats also that the industry decides on self-expansion as an alternative strategy.
What are some of the other key roles in the Planning Process.
More than 85% of McDonald's restaurants around the world are owned by independent franchisees.
She can charge different prices in the two markets. Illustrate what is the profit-maximizing combination of quantities for this monopolist.
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