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In this course, we have covered several important concepts such as GDP, unemployment, monetary and fiscal policy. For our final module you will apply these concepts to your firm.
Current Event
Pick a recent newspaper article (New York Times, Wall Street Journal, etc.) that focuses on your firm or industry. Describe the event and the issue for your firm. (summarize article by including, who, what, when, and where)
Describe the basic issue and background behind the event.
What economic principle(s) can be applied to the event or issue? Identify and briefly describe a specific principle that we have covered in one or more of the modules.
How does this event impact the future of the firm or industry? For instance, what do you think would be the future outlook for the firm?
Let u(x,y) = x1/3y2/3 and let I = 100, Px = Py = 1. Write the FOC for the consumer's UMP and compute the consumer's demand function. Let U(x,y)=5x+4y and let I denote income and Px,Py the prices of the goods. Compute the demand functions for good..
What is the monopolist's profit-maximizing level of output - what price will the profit-maximizing monopolist charge and how much profit will the monopolist make if she maximizes her profit?
You will be arguing AGAINST the assumption: that recent changes to Canadas Temporary Foreign Workers policy will hurt Canadian businesses.
You are to complete columns TR and ATC in the chart and make a short-run recommendation, using one of the recommendation actions
Assume a monopolist faces the following demand curve: P = 180 - 4Q. Marginal cost of production is stable and equal to $20, and there're no fixed costs. What is the monopolist's profit maximizing level of output?
Lawn mowing services are supplied by host of individuals in suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are:
Describe how the market for corn would be influenced if ethanol, a corn derivative was used to fuel cars in US. How would market be influenced if a new technology caused corn farming to be more efficient?
in 2012 a baseball player signed a contract reported to be worth 89.8 million. the contract was to be paid as 13.2
What does the DMP model predict would be the effects of labor unions?
Effectively changing strategies is often one of the most difficult tasks of management. Why do you think this is the case?
Suppose Pz= $30. Determine the supply function and inverse supply function for good X. Graph the inverse supply function.
consider an economy in which the marginal propensity to consume is two-thirds prices are constant the multiplier is
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