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Q1. Given an exchange rate of SF1.25 = $1, how do the car prices of both countries compare?
Q2. The payoff matrix of economic profits above displays the possible outcomes for Bob and Jane who are involved in game of whether or not to advertise. After each player chooses his or her best strategy and sees the result.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Explain how both the flow-of-product approach and the earnings approach can be used to measure GDP and the role profit plays in these calculations.
Elucidate the consumers opportunity set in a diagram. Explain how does this change alter the market rate of substitution between goods x and y.
What is the total market demand for poly-glue at the price established by Alchemy. How much of the total demand will the follower firms supply.
Could Boeing's margin probable rise or else fall if yen then depreciated as well as competitor prices were unchanged.
Unusually good weather which improves crop production also a major oil discovery are examples of unexpected supply shocks in the economy
Considers the choices of Native Americans who decide to stay on their tribe native land or reservation also those who select to relocate to a city.
Suppose that re are 10 million workers in Canada and that each of these workers can produce either 2 cars or 30 bushels of wheat in a year. What is opportunity cost of producing a car in Canada.
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk-averse, risk-neutral, or risk-lover?
Determine the demand function and inverse demand function for good X. Graph the demand curve for good X.
Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. Carry unit costs to the nearest cent.
Illustrate what would the new price also output in the market be. Illustrate what would the new level of output for the typical firm be.
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