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1.Give two examples of positive statements about the economy, and two examples of normative ones. Now give two examples that are seemingly positive, but which have normative implications or undertones.
What are the advantages and disadvantages for a developing country of pursuing a policy of ISI?
Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example?
I have been asked to find information on aggregate income. However, I also need to find information on labour and wealth income dis-aggregated.
Determine what are voluntary export restraint contracts and explain why do some governments force foreign exporters into them instead of just using quotas or tariffs to restrict imports by the same amounts?
The Last Outpost is a tourist stop in a western resort community. Kerry Yost, owner of shop, sells hand woven blankets for an average price of 30 dollar per blanket.
Evaluate the impact of the proposal to cut prices on (i) total revenue, (ii) total cost, and (iii) total profits. B. If coverage variable costs are assumed to remain constant over a 10 percent increase in output, evaluate the effects of the proposed ..
Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him. Each barber is paid $9.90 every hour and works a forty hour week and a fifty week year,
explain critically growth maximisation model of morris and find the goal in morriss
1.Why might efforts to address the issue of global warming be hampered by a lack of understanding of probability amongst the general public?
The Ski Pro Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis.
1.Would it be possible for firms to calculate their maximum profit output if they did not use marginal cost and marginal revenue concepts?
Woodland Instruments, Company operates in highly competitive electronics industry. Prices for its R2-D2 control switches are stable at $100 each.
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