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Scenario: As an worker of World Bank, you have been tasked to research one economic concern in an Asian nation and write a report on your findings. So, select an Asian country to research (in this case China has been chosen). Select one of the following economic concerns to research:- Quantities of specific goods and services- Gross Domestic Product (GDP)- Unemployment- Inflation
Answer the following questions:- What are 3 relationships between the economic concern you selected and that specific country's economy?- What trends do you see in the data sets?- Support your assertions of the trends with statistical evidence
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
Describe how the Law of Diminishing Marginal Product results in u-shaped average cost curves, both Average Total Cost and Average Variable Costs
General Electric has frequently placed managers together to work on teams. Often the work project is only for a short period of time.
Given the global economy, increase of emerging economic superpowers such as China and India, and challenges to remaining competitive in a global world, do you think that American federalism remains relevant?
A firm sells in a competitive market in which price is $10. Its marginal cost is 2 + .5Q. Find out the profit-maximizing level of output.
Summarize the differences between the four market types. Provide a general explanation of how business may maximize profit within each market type.
Some states are planning that ethanol be mixed with gasoline to comply with anti pollution laws. Ethanol can be made from corn. Determine what effect are these rules having on the equilibrium price and quantity of corn?
What are some things that would affect changes in supply? How can quantity demanded be changed and what if the government raised the minimum wage. How would this policy effect your firm?
Describe how each of the following will affect the price and quantity of equilibrium. To find out the new values, describe how the supply and/or demand curves will shift in the following cases (if at all).
Johnston production is the price taker which utilizes this cost structure in the short run:
Evaluate the money multiplier? The central bank decides to increase the money supply (M1) by $200 million through an open market operation. How much should it buy in bonds?
What is the total fixed cost for the El Dorado Star? If the total fixed cost increases to $5,000, how many papers should be sold daily for profit maximization?
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