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Q1. How could you use cost volume profit analysis in a products of choice. Explain its benefits and limitations
Q2. Let's say you found out from the Bureau of Economic Analysis that the GDP in 2008 was $14.3 trillion while in 2009 it came to $14.2 trillion. Does that necessarily indicate a decline in production?
Q3. Applying economics of cost as well as output, Illustrate the difference among the industry of today and that of the 1950's. Illustrate type of market structure in auto industry? Has consumer surplus been affected in any way due to the changes in the auto structure of industry and if so, how?
Illustrate what percentage of G1 can be mixed with G2 and still satisfy the customers. Elucidate the resulting paint cost per gallon.
What is the probability that it will take a worker between 6 and 10 minutes to complete the task
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
Illustrate what are the advantages and disadvantages of having monetary policy in the hands of the Federal Reserve System rather than in the legislative or executive branches.
The alternative is to tie bonus pay to some absolute measure of performance. Discuss the merits as well as drawbacks of each approach.
Calculate cost elasticity of demand for paint and show your calculations. Decide where demand for paint is elastic, unitary elastic, or inelastic.
Suppose that a security costs $3,000 today and Pays off some amount b in one year. Suppose that B. is uncertain according to the following table of Probabilities:
In her speech to the Australia-Israel Chamber of Commerce last year, Julia Gillard contrasted "the problems of Europe" with Australia's "position of strength in the world economy" (Editorial, Feb 2 2012, The Australian).
What effect would each of the following have on aggregate demand or aggregate supply
If overseas producers can sell in the domestic market Illustrate what is the equilibrium price. Illustrate what is the equilibrium quantity.
Illustrate what is the WTO. Briefly describe one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
Increase or decrease in the money supply increase the price level to the tolerable range
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