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Q1. Discuss one recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.
Q2. When you purchase and eat a hamburger, no one else can eat the same hamburger. When you download a file on the Internet, the file is still available for others to download. Economists explain this difference between hamburgers and computer files by saying that the hamburger.
If a severe drought decreased labour productivity in Zambia, explain what will happen to each of the following.
Develop hypothetical supply and demand schedules for your good or service. Plot the schedules onto your graph and label the curves with D for demand and S for supply.
If a person can either fish or chop coconuts for subsistence, what does production look like.
Presently the bond is priced to yield a return of 5% per year. Illustrate what is the bond's current market price.
Describe nominal GDP and real GDP in year four using the following information: in year one, the base year, 10 computers sold at $2000 each, and 15 televisions sold at $500 each.
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and invariably, create employment possibilities.
When we apply 50 tons of fertilizer, the total yield is 1500 bushels. Elucidate the marginal value product per ton of fertilizer.
What requires the highest sales volume to earn a profit. Would it be better to have fewer airline companies and more full planes.
How would you design a specific customized compensation plan for Agent-Principal (owners, managers also workers) which would address both increased productivity also decreased turnover.
If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output. Illustrate what is the firm's Total Revenue.
Your diligent effort will allow you to decide how much of your product to provide and allow you to place it on market shortly before your competitor will be able to make its product available for sale. What output level will you choose and what pr..
It is a hot day also Bert is thirsty. Here is value he places on a bottle of water.
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