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Q1. In which of the following cases should the United States produce more noodles than it wants for its own use and trade some of those noodles to Italy in exchange for wine?
Q2. Use the laws of conservation of matter and energy to describe by a car the consumption of fuel. Explain what are the inputs and outputs of matter and energy? (Note: Gasoline is a mixture of organic compounds containing carbon-hydrogen bonds.)
Q3. If price is 6.4, MR is 3.1, TR is 6400 Qty is 1000, TC is 6400, MC is 3, ATC is 6.4, AVC is 3.24 should I increase, decrease, shut down, or remain at current output level, and why?
What would the annual percentage change in velocity have to be on average for the quantity theory to hold.
If the bank compounds interest yearly, explain how much will you have in your account on January 1, 2015
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Then do similar for every of the determinants of supply in Equation 2.2. In every instance, would equilibrium market price increase or decrease.
A competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
ABC Company is considering a private placement of equity with XYZ Insurance Company.
Draw his budget constraint in terms of S and T. What is the slope of the budget constraint and how does it relate to the relative price.
If the economy was working at full-employment equilibrium, illustrate the state of equilibrium after the fall in consumer confidence.
Evaluate the U.S. nursing shortage in terms of demand and supply.
Suppose the government increases G to 1250. Compute private saving, public saving, and national saving and the new equilibrium interest rate.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
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