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How would two of the RBA's policy objectives are conflicting? Please give an example. Which of the goals would the RBA most likely to emphasis? Why would central bank independence ensure that the RBA's primary objective is met? Suppose the RBA were to implement a simple rule for monetary policy, such as one that makes the monetary aggregate M3 rise at a steady rate of 3% per year. When would this rule work and when would problems occur with such a rule?
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.
Was there a UFW-Almaden contract in effect when the Paicenes vineyard was leased by Heublein to Glen Ellen
Can you tell whether this firm is in a competitive industry. If so, can you tell whether the industry is in a long-run equilibrium.
Suppose that in the 1990's, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration.
The New York City rent stabilization law of 1969 established maximum rental rates for apartments in New York City
The price elasticity of demand for Pete's chocolate chip cookies is 1.5. Pete wants to increase his total revenue. Would you recommend that Pete raise his cost or lower his cost of cookies. Explain your answer.
Elucidate the marginal cost of a string. Compute marginal revenue and marginal cost for each quantity.
Illustrate if the table represents the demand faced by a monopoly firm, then what is that firm's marginal revenue as it increases output from 1300 units to 2200 units.
How vegetarians sometimes have trouble making sure they get enough protein in their diets.
Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.
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