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Determinants to explain elasticity
Use these determinants in judging whether demand for each of the following products is elastic or inelastic.
a. Apples
b. Cigarettes
c. Winston cigarettes
d. Butter
e. Gasoline
Account for the effect of the two proposed fiscal policy actions in the short run and long run. This includes a description of the consequences of relevant macroeconomic variables.
Compute the employment rate (i.e., number employed: population) in each year? How can employment rate may go up or down in the unemployment rate stays the same? How can employment rate go up if unemployment rate also goes up?
Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.
Milton Friedman faiths in a steady growth monetary policy. Illustrate what does that mean and critique this approach.
For this assignment you will write a 500- to 700-word memo evaluating two conflicting consultant reports. Your report should.
Evaluate the range of marginal revenues
Discuss the short-run movement toward equilibrium in the currency markets in a flexible exchange system.
Illustrate the quantity of laptops demanded, the level of imports of laptops, the price paid for laptops and the consumer surplus
Suppose Firm Y's production function is given by the following Cobb Douglas equation
How many cases of peaches will be produced per week during the growing season, and what will the selling price per case be if producers ignore the marginal external costs imposed on others?
Does the transaction of a buyer also seller directly affect a third party. Is the effect a negative or positive externality.
What is your marginal revenue and marginal cost functions? To maximize profits, how much should you produce at plant 1? At plant 2? What is the price that maximizes profits?
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