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Q. In your own words, using 10 Principles of Economics outlined in Ch. 1 of Mankiw's Principles of Economics, prepare a 200- to 300-word response to following questions: How can each of 10 principles be applied in an example or experience with which you are familiar? How do you intend to use your newfound knowledge in future economic decisions?
Q. Currently AIDS is spreading in china and India. Govt. of these nations fail to stop spread of AIDS what are likely consequences for future economic growth in china and India?
A firm employs 8 units of the variable resource. at this level of employment, average product is 2, and average variable cost is $4. Explain how much output is the frim producing.
Find out the CPI in the subsequent year also the rate of inflation between the base year also the subsequent year.
Explain by how much did real GDP increase between 2002 and 2003. Velocity in the country of Shem is always stable.
the demand for Internet advertising was declining at the similar time which the number of Internet sites accepting advertising was increasing
A statistics practitioner drew a random sample of 400 observations and found that x bar = 700 and s = 100. Illustrate what is total amount of output firm should produce.
Using graphing function on TI-83/84 Explain how price supply and demand are equal. At this price, explain how many tickets will be supplied and sold.
Each firm can monitor the other's price very closely and can respond instantly
Consider a monopolist with demand curve P= 100-Q/2 . The total cost of production is 10Q + 1500 for positive ouput and 500 if it shuts down production. Illustrate what is the maximum profit the monopolist can earn (assuming no possibility of price..
When on leave, workers receive 55% of their normal paya. Illustrate what are the likely responses on the demand (employer) side of the market.
Illustrate what are the opportunity costs of producing X and Y for Leah and Tim; and if specialization is possible, which good should Leah specialize in? and How about Tim.
Should Roscoe's Rascals match the price offered by the competitor.
This deviation from the classical dichotomy and the Fisher effect is called the Mundell-Tobin effect. Explain how might you decide whether the Mundell-Tobin effect is important in practice.
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