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How supply affects goods and services supplied by business in the product market. How demand effect goods and services in the consumer market. How supply effect factors of production in the factors market and how demand affects factors of production in the factors market. How does the circular flow of wealth fit together as a whole process? Each assignment must be at least 150 words.
Explain why the general level of incomes is high in the united states also other industrially advanced.
Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?
Easy Lawn Care Incorporated has a beta (a measure of common stock volatility) of 1.32, what is its estimated cost of equity capital based on the CAPM when the risk-free interest rate is 2%?
List out the distinct characteristics of a perfectly competitive labor market and compare them to the characteristics of monopsony.
Explore the differences between economic model, economic theory, and economic policy. How would you explain this to a friend who has no clue what the differences are. Compare and contrast.
Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). Draw a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve.
Now, suppose that following the supply and demand changes in (a), a substitute good goes up in price, and your costs of production increase. What new decisions will you make regarding production levels and pricing for your Widget facility?
An asset is purchased for $745,000 today. It will have a $76,000 salvage value after 5 years of use. Using the straight-line (SLN) method, calculate the depreciation charge for year 2 and the book value at the end of year 2.
Will the brothers gain if they specialize. Illustrate your answer with an example.
Recently there has be a drive to increase the production of alternative fuels from corn. The argument used by many is energy self sufficiency. In light of the desire to reduce our use of foreign produced oil, many have suggested we should subsidize t..
When workers already have a large quantity of capital to use in producing goods and services, giving them an additional unit of capital increases their productivity only slightly.
Suppose you run a manufacturing business that is involved in manufacturing and selling a single product. The fixed cost to run the business is $15,000 and the constant marginal cost is $7.50 per unit. The sale price of your product is $15 per unit. F..
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