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What are the other determinants of demand? What is an equilibrium? What are the effects of increased demand on equilibrium quantity and equilibrium price?
If the economy is at point C, what is the cost of one more automobile and forklift ?
a. Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q. Then, the marginal revenue (MR) equation for this demand equation will become: MR = 560 - 0.048Q.
The machines are expected to be 98% reliable, and the anticipated scrap rate is 4%. Worker efficiency is expected to be 100%. How many new turret lathes and operators are required to meet these production requirements?
1. consider an individual facing a wage rate w. theres a total of 100 hours available for work or leisure in a
Due to the current slump in investment spending, Omar has been laid off from his programming job. His employer promises to rehire him when business picks up. What type of unemployment is Omar facing?
Elucidate which you are familiar and identify the marketplace structure of that organization. Evaluate the effectiveness of this structure for the organization.
Elucidate how the market for corn would be affected if ethanol, a corn derivative was used to fuel cars in the United States.
What is an exchange rate? What is the exchange rate currently for the US dollar and the euro? for the dollar and the yen? for any other currency of your choice?
An internal study at Mimeo, revealed that much of its workers assembles 3 copiers per hour and is paid $3 for every assembled.
How do you think barriers to entry and product homogeneity affect the competitive nature of industries? For example, why do some agricultural products, such as wheat and soybeans, tend to fit the definition of perfectly competitive markets more th..
Illustrtae what are the primary advantages and disadvantages of acquiring inputs through this means? Give an example that uses this method of procurement.
Market Value of the final goods and services produced in the domestic economy= $1,15,000 of which goods worth $10,000 are distributed among the Tsunami Victims. Net factor income to abroad= 4000 and the govt. is offering subsidies to the producers..
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