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In an essay of at least two well-developed paragraphs, describe the types of information economists use to forecast the business cycle and how they use this information to make predictions about the business cycle.
If a market is perfectly competitive and is in long-run equilibrium, which of the following conditions does not hold?
The Future Flight Corporation manufactures a variety of frisbees selling for $2.98 each. Sales have averaged 10,000 units per month during the last year. Recently Future Flight's closest competitor, Soaring Free Company, cut its prices on similar fri..
Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.
The publisher sold the textbooks to university bookstores nationwide for 3 million euros. The university bookstores received 4 million euros from students in exchange for the books.
over the subsequent months, they changed their minds and discontinued the experiment. How did the timing affect their conclusion about the profitability of increasing prices?
In his article, "How Statistics Lie: Unemployment Can be Good for You", Steven Landsburg is arguing that inflation rate calculated simply as rise in price levels is not very informative. Explain the situation in terms of income and substitution effec..
Buchanan went into a store in Los Angeles. When celebrities Jennifer Lopez and Ben Affleck entered the store to shop, the manager asked Buchanan to leave, but did not give him a reason why he was asked to leave. Two Los Angeles County sheriff’s deput..
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
Remember the warm up activity in the first section of this unit? You were instructed to find an article that discusses the current state of the U.S. economy. Take this article (or one similar to it) and write a two- to three-paragraph summary of the ..
Output is y=(x1^1/2)*x2. The total cost equation is c=3x1+2x2 where w1=3 and w2=2. At the price of the output is p=6 what is the profit maximizing level of x2?
Identify the following as primarily public or private sector projects. a. Bridge across Ohio River b. Coal mine c. Baja 1000 race team d. Consulting engineering firm e. County courthouse f. Flood control project g. Endangered species designation h. F..
q1. discuss one recent price change that you have noticed while visiting your local supermarket. determine whether or
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