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Q. According to the agreement achieved by the Administration and the Congress, were there a breach of the debt ceiling (limit) because of the budget deficit, the defense budget would be automatically reduced by half. Based on the numbers you find, what's the percentage decrease in the budget deficit that will be induced by such a policy? Do you think this particular budget cutting policy helpful to curb the growing budget deficit? More generally, will such a policy benefit the country?
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
Demand curve is d1, what will be the change in her revenue. If her demand curve is d2 what will be the change in her revenue.
What role does Mudaraba allow IAH, in their capacity as Rabbul Mal.
Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
Explain the role culture may play in influencing entrepreneurship both at the individual and social level. Define culture in your response.
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
Does the production technology exhibit increasing/decreasing/constant returns to scale.
What reliance performance would be measured efficient. Elucidate reliance behavior which would be considered excessive.
The total demand as well as for money is equal to the transactions demand as well as plus the asset demand as well as for money.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
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