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Q1. Suppose a firm in each of the two markets listed below were to increase its price by 30 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not
Q2. How might (a) seasonal factors and (2) different growth rates distort a comparative ratio analysis? Give some examples. How might these problems be alleviated?
Q3. Consider decision making process used by consumers as they budget their money to maximize use of their resources, what step do rational consumers take in order to optimize their spending of discretionary income?
Suppose the short-run production function is q = 6L^2. If the wage is $12 per unit of labor, then: What is the average variable cost?
q1. suppose that on january 1 the price of one hundred yen was 0.80 and ppp held. over the year the japanese inflation
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Elucidate why Chrysler's decision might have been prompted by movements in its wage costs or capital costs, or both. Why would Chrysler have instituted this production change for its most popular.
Suppose population growth rate is 0.03, inome elastiity of demand for consumption is 0.75 and inome growth rate of 0.05. what would be the growth rate of agriultural production for balaned growth of the economy.
At what value of X will Q be at its maximum. Illustrate at what value of X will Diminishing Returns set in.
Illustrate what greens fees should the operator set on weekdays and how many rounds will be played.
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
The research department of Wilson has discovered a new technology on how to make more durable tennis balls and is considering whether or not to adopt the new technique.
The craft unions electricians, carpenters, other possess considerable power to raise wages than do industrial unions automotive workers, steel workers.
How will the unemployment rate during the current period compare with this economy's natural rate of unemployment? What will tend to happen to resource prices in the future?
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