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What are the most used supply shifters for Microeconomics?
Why do national income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production What problem is posed by any comparison over time of the market values of various total outputs
Explain how much is spent on bus rides. What is consumer surplus in dollars at this equilibrium. How much is the total benefit in dollars from bus rides.
Illustrate the price elasticity of demand at the equilibrium price and quantity.What is the price elasticity of supply at the equilibrium price and quantity.
What does your model predict the moose population to be in 2009?
What is J. M. Smucker Company's corporate strategy? What common strategy elements are shared across its brands? Did it make sense for Smuckers to expand its business lineup beyond jams, jellies, and preserves? Why or why not?
Describe arbitrage and the law of one price. What role do they play in a market-based system. What do we call the 'one price' of an asset.
(Craft Unions) Both industrial unions and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the difference in approaches and describe the impact these differences have on excess quantity of labor suppli..
Describe two benefits you enjoy because of the free-market system. Be sure to state why the free-market system brings each of these benefits.
Analyse the economic situation in Greece since the financial crisis, the effects the austerity measures have had and may have on the economy, and provide a recommendation to future policy makers.
Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?
Explain the difference between the demand curve facing a monopoly firm and the demand curve facing a perfectly competitive firm.
Time Magazine and Newsweek are two competing news magazines. Suppose that each company charges the same $5.00 price for their magazines. What is the Nash equilibrium for this sequential game?
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