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A cartel is often an unstable relationship as individual members both seek and seize the opportunity to cheat on the agreement and improve their own position at the expense of others.
Assume that the OPEC oil cartel becomes subject to this tension or conflict such that the cartel gives way to a more competitive oil market resulting in a dramatic decrease in the world oil price.
As a result Australia experiences a significant decline in the rate of inflation
Using the aggregate demand - aggregate supply framework, consider the likely response of the Australian economy in terms of the rate of inflation, the level of real GDP and the unemployment rate in both the short run and the long run.
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university is probably an M-form organization. Its president administers schools, for example, a college of business and a college of liberal arts. The college of business Each of these in turn has a dean who is responsible for faculty departments..
Why is investment spending unstable? How is it possible for investment spending to increase even in a period in which the real interest rate rises?
A manager of a monopoly firm notices that the firm is producing output at a rate at which average total cost is falling but is not at its minimum feasible point. The manager argues that surely the firm must not be maximizing its economic profits.
A movie theater has estimated that demand for a movie ticket can be written as P1=10-Q1 for senior citizens and P2 = 12 - Q2 for rest of the consumers.
Elucidate as accurately as you can how each of the following individuals which would be affected by unanticipated inflation of 10 percent per year.
A firm has a long-run cost function C1(y) = y^3 - 10y^2 + 30y. 1) Derive the firm's long-run average cost function 2) Derive the firm's long-run marginal cost function 3) Find the level of production with the lowest average cost 4) What is..
Calculate the payback period for an asset that has a first cost of $40,000, a salvage value of $8000 anytime within ten-years of its purchase, and generates income of $6000 per year.
The short run is decision making period during which at least one input is considered fixed. The fixed input is generally considered to be some aspect of capital,
The student will chose a country and a MDG goal and write a 25 page (single spaced) evaluation of the countries efforts and progress in meeting this goal. Projects will be modeled after a profession report (color graphs, bound, table of contents ect..
Alan and Brian work at a baseball and softball manufacturing plant. Alan can produce either 10 baseballs or 4 softballs in an hour. Brian can produce either 8 baseballs or 2 softballs in an hour. What is the hawala network?
Elucidate what is your interpretation as to whether or not capital gains taxes should be raised or lowered.
Illustrtae what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
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