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Pick a currect topic in micro economics from any website,magzines,newspapers, related to demand and supply price, price determination. Summarize what you have understood and tell the effects on demand and suppy. please include the graph. give the reference of the topic.
Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country.
Find an article from a reputable news outlet (this should be a news article not an academic one) that both relates to the content of this semester and contains a graphic presentation of data. Assess how well the author's graphic accurately communicat..
Why is ethics an integral part of engineering? What is the engineering advantage? What is the problem-solving schematic? What is the problem-solving schematic?
Which of the following would NOT cause a shift in demand for Coca-Cola:
Pat, a lawyer working for a large law firm and earning $62,000 per year, is contemplating setting up her own law practice. She estimates that renting an office would cost $11,000 per year; hiring a legal secretary would cost $22,000 per year; How muc..
Your firm is considering purchasing an old office building with an estimated remaining service life of 25 years. Recently, the tenants signed a long-term lease, which leads you to believe that the current rental income of $300,000 per year will remai..
Schmeckt Gut plans to introduce the Schmeckt Besser energy bar on the market. 1-In your own words, what is the importance of the topic ‘Elasticities’ for this undertaking? Explain this to the Board of Schmeckt Gut. 2- What do you suggest the Board in..
Sam has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C,L) = CL. The household also has a home production technology summarized by a production function. How much time will Sam spend in leisure? How ma..
Write down a utility function that represents Britney's preferences over dresses also hats.
In 2003, when music downloading first took off, Universal Music slashed the prices of CDs from an average of $21 to an average of $15.
Explain the concept of more is better satisfied for both goods. Elucidate as C increases the MUC increase, decrease or remain constant.
Assume an oligopoly market with two firms. The inverse demand function and cost functions are as follows: P=150-2(Q1+Q2) and C1=20Q1 and C2=28Q2. Calculate: a. Cournot dupoly equilibrium output, price and profit, b. Stackelberg equilibrium output, pr..
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