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If the demand for money increases and the Reserve bank wants interest rates to remain unchanged, which of the following would be appropriate policy?
A firm faces the following inverse demand equation for the commodity it produces: P = 100 – Q where P represents the price/unit of the commodity it produces and Q represents the level of output produced. The cost structure of this firm is summarized ..
Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find that the price paid for a unit of labor is $20 (W = $20), and the price..
Although the last 3,000 cell phones we produced and sold increased our revenue by $6,000 and our costs by $6,700, we are still making an overall profit of $5,000 per week so I think we're on the right track. We are producing the optimal number of ..
Is either of the selected countries still in an agrarian phase of economic development? An industrial phase? Explain. Can you find a country that is still in the agrarian phase of development
What is the lowest selling price per unit that could be charged for the new cabinets from the following list and still make it economically desirable to add the new product line?
What are the prospects for profitable investments infinancial markets? Do markets follow a random walk so that profitsare mostly a matter of chance? Is it possible to outguess themarket? What are the best investment strategies?
Illustrate what are the mistakes made by investors in dealing with foreign exchange investments? Provide examples.
Assume that the total cost function for a single firm in a purely competitive industry is given by following equation:
In an article regarding the sales of SPAM (the food product) it says "sales are growing by double digits". Is the reason people are buying more Spam due to a price reduction or a change in one of the determinants of demand
Illustrate what would happen to the costs if the growth rate was half as much as expected. This does not need to be a detailed economic analysis.
Discuss the determinants of varying levels of income. What factors determine a person's wages. In your opinion, do these qualifications always hold true.
There are six equally productive individuals on the island. Each person can gather 25 coconuts in one day or build one hut in a day.
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