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All firms can increase the volume of goods or services sold by cutting prices. But the volume (quantity) of goods or services a firm sells differs from a firm's revenues (price times quantity). Select your firm or a firm not previously discussed.
Illustrate what are the historical trends and current state of the federal budget and deficit spending. Should the federal budget be balanced? Is this really necessary.
Assume the Bank of Japan allowed the money supply to grow by 2% each year while the Bank of Korea chose to maintain relatively high money growth of 12% per year.
Why is each the policy necessary? The welfare of consumers, producers, and society (the winners and losers) before and after the policy
Illustrate what wage would a monopoly union demand Explain how many workers would be employed under union contract.
Illustrate what are the State's doing that is consistent with the constitution.
A mathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double. Elucidate how long will it take Mexico's real GDP per person to reach the level that the United States was at..
Why did the ban effect the price? Illustrate using a figure and explain. Show the welfare effects in your figure. Use a table to show who gains or loses.
Write down the profit maximization problem for the rm.
Explain how might a firm's resources limit its search for opportunities. Cite two specific examples for two specific resources.
Illustrate the effect of each of these proposed policies in a demand and supply diagram of the gun market. For each question, show the price paid by consumers, th eprice received by producers an dthe quantity of guns sold.
Assume the manager asks for volunteers to postpone their tour by offering increasing amounts of cash compensation until only four people want to see the caves that day.
From an economic perspective, reprocessing is a money loosing proposition since we derive negative profits from it.
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