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A worker is able to select her weekly hours. When a new bridge opens up, it will cut 1hr from the daily commute to work. If both leisure and income are normal goods, what is the effect of the shorter commute on this persons work time.
Describe pricing strategy to meet organizational goals.
Suppose that Melanie had 200000 of disposable income and spent 180,000 on consumption in 2006 & had 300,000 of disposable income & spent 240,000 on consumption in 2007
The agricultural market for corn usually can be characterized as a purely competitive industry. How might the following events affect the shot-run cost curves and output for a firm in the industry?
If a bank Keeps no excess resrve and no individual firms hold on to cash. If suddenly someone discovers $12M , in buried treasure.
Try to comprise a discussion of elasticity and the demand curve as well as type of market. Make sure you also include some history etc.
Using Bureau of Labor Statistics and Federal Reserve Bank of St. Louis, choose a key economic indicator. Discuss and explain how the indicator was created and its current value.
XYZ Company operates in a perfectly competitive market. Due to robust economic growth XYZ company made above normal profits. Taking into account the characteristics of this market,
What do these numbers tell you about the phase of the business cycle in the United States, Euro area, and Japan in 2008? What do these numbers tell us about the relative size of the natural unemployment rates in the United States, the Euro Area, an..
Given that this is a training manual to sensitize employees, how will this affect any practices at the company.
In output markets, the elasticity of supply tends to be 'positive'.Is it because supply curve is positive? then the elasticity of demandtends to be negative by same logic?
You don't actually have to draw them to answer this question. Just explain in words. OK, you might want to draw them first then explain them.
Economists often argue that a temporary increase in government purchases -say for military purposes-will crowd out private investment. Use the saving-investment diagram to illustrate this point, explaining why the curve(s) shift. Does it matter wh..
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