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Adding to Table 11.1, if a real GDP in 2002 were $10,048.8 billion and nominal GDP in 2002 wee $10,469.6 billion, calculate the percentage change from 2001 to 2002 in nominal GDP, real GDP, and the price level. What is the value of the GDP deflator in 2002?
Willie will receive all his operating expenses, and in addition will receive $2,000 each year for the decline in value of the automobile.
Suppose that government decides to charge cola consumers a tax. What is incidence of tax that falls on producers.
What is strategic planning and why it is crucial to an organization’s survival? In your response, and how strategic planning differs from strategic management?
What is the market equilibrium cost. What is the equilibrium number of firms in the market.
What is the profit-maximizing rate of output for the firm?( b ) How much profit does the firm earn at that rate of output?
At what level of output are total profit maximized. Illustrate what price will be charged.
Explicidate that a profit-maximizing bundle will typically not exist for a technology that exhibits increasing returns to scale as long as there is some point that yields a positive profit.
Is the market for coffee perfectly competitive. Elucidate does the coffee market meet all six conditions of a perfectly competitive market.
Consider following claim: price of gasoline has doubled and corresponding change in demand gravely hurt those who have long commutes to work. As a student of economics what do you find correct and what incorrect in this claim.
Though it does lead to an interesting next question. Illustrate what do you think would happen to sale and price of DVDs after this.
illustrate what type of unemployment will then occur. What is the natural rate of unemployment.
Elucidate how if at all among the following events affects the location of a country's production possibilities curve.
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