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Entrepreneursphip
Entrepreneurship is:
1. The financial capital needed to launch a new business?
2. Unskilled labor
3.the capital resources used to produce goods and services
4. The talent to develop new products and process and to organize production to make goods and sevices available.
Use the aggregate demand-aggregate supply model to illustrate graphically the short-run and long-run impact of this decline on output and prices.
An industry consists of three firms with identical costs C (q)18q +q2. What is the industry equilibrium (price, output and profits) if the firms have Cournot beliefs?
Illustratr what is the Keynesian solution to a recession or depression. Explain how does the Keynesian multiplier work.
The intent of this week exercise is to familiarize with EXCEL and to gain experience and practice in interpreting the output generated by most statistical packages (EXCEL) when linear regressions are run on a set of data.
Explain what happens to the nation's aggregate supply curve, the short-run equilibrium level of output, and the price level if:
How income may change savings behavior
Assume that your firm above is the N.Y. Yankees and the league owners impose a lump sum tax of $4 million dollars on your firm.
If I have to lay-off 19 employees as the company is upside down -$1878.00 after total cost. So, by cutting staff of 19 with a salary of $100 per day, an eight hr day, how much will I save.
All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 +10q. Calculate the equilibrium price, firm output, total output and number of firms in the industry.
If the price of manufactured goods rises to $6 bushel (a rise of 50%), the parity price of corn as well rises by 50% - to $4.50 in this hypothetical example.
Elucidate foreign demand for dollars as well as the international value of the dollar.
Suppose an economy only produces single consumption well. Consider permanent upward shift of production function. Graphically describe the effects on each of following:
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