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Q1. Suppose that there are only 2 inputs i.e. labor and natural resources which produces 2 goods i.e. movies and gasoline with no development in society's expertise over time. In additional suppose that natural resources are being quickly depleted. What would happen to Production Possibility Frontier over the time? Elucidate how would invention as well as technological improvement modify your answer? Graph the PPF for each scenario to illustrate.
Q2. Suppose the MPC is an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion. If disposable income increases to $14 billion, what is the new level of consumption?
The US government could not pass its annual budget. As a result, the US government has partially shut-down: roughly about 800000 federal employees of non-essential services are out of work
Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.
5 ways to develop strategic business and briefly discuss differentiate, customer-oriented, understand clients need, r-s platform and management, active marketing, etc
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.
The 2001 recession ended in November 2001, but the perception of "bad economic times" lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession.
What are the strength of the neoclassical models of labor supply and labor demand. What are the weakness of the neoclassical models of labor supply and labor demand.
In Managerial Economics, Applications, Strategy, and Tactics, if contract promises were not excused because of acts of war, would the clearing and settlements clients of Bank of New York change their behaviour
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
the set of efficient trades these individuals would rationally make. One of the points on the set of efficient trades you illustrated in your diagram will be a competitive equilibrium.
A competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.
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