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Q1. "Managerial economics involves use of economic analysis to make business decisions involving the best use of a firm's scarce resources" Explain the statement with suitable example.
Q2. What determines the capital-labor ratio for each good in each country? Why might both industries use a higher capital-labor ratio in one country than in another? Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries? Explain.
Illustrate how much consumer surplus does he receive. What is the highest price you can charge for the "all you can eat" special and still attract customers.
Using the net benefit ratio method of Deaton, please tell us whether a 10% increase in output price will increase or decrease the economic welfare of each of the following three agricultural households, by how much, and why (be sure to show your w..
From the supply and demand schedules, from Belgium what are the equilibrium price also quantity of cocoa beans.
Illustrate what type of market structure is auto industry. Has consumer surplus been affected in any way due to changes in auto industry structure and if so, how.
Determine point price elasticity of demand at P= $3.00. Illustrate what would be new point price elasticity if price were raised to P= $4.50.
Explain how banks are financial intermediaries. What are reserves? What are excess reserves? Explain how the Fed can affect the quantity of excess reserves in the banking system. Your response should be at least 75 words in length.
How will globalization impact our economy in both short run and the long run? State your arguments "for" and "against" globalization and finally summarize your view on globalization.
Which he can trade at the going prices. He has no other source of income. Illustrate what is Nick's gross demand for x.
Utilizing a graph of equilibrium in the housing market, describe carefully which parties win and which parties lose from rent control.
Assume which all other banks hold only the required amount of reserves. If Nan Bank Inc. decides to reduce its reserves to only the required amount, by how much would the economy's funds provide increase.
Experience does not necessarily have to be work experience. Discuss market equilibrating process in relation to your experience. One of early economic "laws" was called Say's Law which stated that supply creates its own demand.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
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