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Imagine you are tasked with recommending an optimal mix for production and pricing of a product. How would you go about utilizing economic indicators and data to make that recommendation? Please use a specific product as an example in your initial posting.
What is the term for a situation when the quantity demanded of a good falls when the price of a good rises, other things are equal?
In the United States, if the average growth rate of nominal GDP is 2.8 percent, inflation is 1.6 percent, and population growth is 0.5 percent, what is the growth of real GDP? Per capita nominal GDP? Per capita real GDP?
Compute the steady state levels of population. How might we transition between these two steady states and growth during the Malthusian regime?
Glassworks and Clearsmooth compete in the local market for windshield repairs. The market size (total available profits) is $10 million per year. Each firm can choose whether to advertise on local television.
The Alpha Corporation is a member of the lamp industry, which is perfectly competitive. The value of a lamp is $50. The company's total cost function is:
1. which of the following industries is most likely closest to achieving perfect price discrimination?a. the textbook
Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain your..
A lot of abbreviations are used in the economics world. What does NYSE stand for?
amount of hours a week to be split between market-labor and home-labor. Assume that A can make $20 of market goods per week and $10 household goods per week; assume B can make $10 of market goods per week and $20 of household goods per week.
"A hierarchical network design methodology lets you design a modular topology that limits the number of communicating routers." Let' use VoIP as an example. tell me what is the architecture of a VoIP network?
In about 250 words, state the various applications of elasticity of demand. Only serious tutors should handle this assignment as the professor is very strict.
Describe an important insight of Keynesian economics (aggregate supply and demand equilibrium, aggregate expenditures and income expenditures equilibrium) and give an example.
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