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Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and demand
With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 6 units of labor, 8 units of land, 2 units of capital, and 1 unit of entrepre..
What would an increase in government purchases do to aggregate demand? When would an increase in government purchases be an appropriate countercyclical fiscal policy? If the current budget shows a deficit, what would an increase in taxes do to it?
Illustrate what or considerations may be taken into account in order to make a decision on implementation of policy.
One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets.
You own a large collection of fine wines. You are considering liquidating these assets. You predict that the value of your collection will rise in the next few years. If you assume your cost of capital to be 10 percent, when should you sell your coll..
q.q1. explain how a tight monetary policy could affect the amount of funds borrowed at financial institutions by
explain the concept of diminishing marginal utility. since all goods are scarce, does diminishing marginal utility contradict the statement that individuals always want more of all foods?
Sterling, Inc. is a manufacturer of state-of-the-art computers. For the past ten years, Sterling has acquired all of its microchips from NoBugs Corporation, the only producer of chips meeting Sterling's high specifications. Write a discussion of the ..
The three problems of resource allocation are faced by
Imagine a simple economy of Fredonia that uses gold as its currency (only gold, not gold backed paper). Suppose that Fredonia finds itself deeply in debt and that its creditors who all live in the country of Sylvania demand the repayment of debt in g..
Which of the following changes might help solve a divisional conflict regarding a decision? If you were a manager of a cost center, which of the following areas would be of most interest to you? Which of the following actions is consistent with a man..
An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the interest on the loan if interest rates declined in the United States before the loan was fully repaid. At the end of three years,..
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