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Goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included in GDP. How might the absence of these values mislead one when comparing the economic well-being of the United States and India? What other items are not included in GDP and how might their exclusion impact policy?
Given this information, evaluate the following statement: Airlines could have the same effect on demand by eliminating their frequent flyer programs and simply lowering the average ticket price by 10 percent.
Illustrate what would happen to the firm revenue if it decided to charge a price above $354.
Illustrate what would be the most likely maximum possible loss per share if you simultaneously place a stop-buy order at $128.
An individual wishes to deposit an amount of money now and $100 every six months so that at the end of five years $1,500 will have been accumulated. With interest at 4% per year, compounded semiannually, how much should be deposited now?
Explain how might you make profits by purchases or sales of bonds now,with the intention to sell in a few months' time.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Find the Nash equilibrium of this Bertrand game and find the equilibrium output and profit for each firm.
As the Euro appreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in Europe. Elucidate what happens to the price of European goods in the U.S.
If going rate for developing a roll of film is $8.50, is industry in long-run equilibrium. If not, find price associated with long-run equilibrium.
The subsequent cell-phone offer by Sprint is typical of Illustrate what one can get on a cell phone plan. Illustrate what is marginal cost.
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
Explain how would each of these traps impact the production possibilities frontier.
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