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Suppose the Clean springs water company has a monopoly on bottled water sales in California. If the price of tap water increases, what is the change in Clean springs' profit maximizing levels of output, price, and profit?
Explain the aims of counter cycliceal policy. Show how governments might achieve these aims by using the instruments available to them
Illustrtae what are the total fixed costs - total variable costs, and total cost of the lab given its current capacity.
Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong and Singapore? Explain the rationale for your choice.
Illustrate what would this typical basket have cost in the base year.
You purchase a painting for $80,000 in 1947, and sold it for $53.9 million in 1988. If you invested the $80,000 in another investment type (such as stock), how much annual interest would you need to have earned in order to accumulate the same wealth ..
Compute the 10-year growth rate forecast using the constant growth model with annual compounding, and the constant growth model with continuous compounding for each occupation.
Describe how real GDP per capita has changed throughout the world from 1820 to the present. 1.3 How is labor productivity related to the standard of living?
Who has the responsibility to decrease or eliminate unemployment. What is the role of business
The unemployment rate in October 2008 reached a 14 year high at 6.5%. As of the end of 2008, the recession did not appear to be ending any time soon.
A bank loan has a quoted annual rate of 6%. However, the borrower must maintain a balance of 25% of the amount of loan, and the balance does not earn any interest.
Explain Comparative Advantage, specialization, and trade support by example. Illustrate the invisible hand theorem supported by example.
Explain why is private property and the protection of property rights, so crucial to the success of the market system.
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