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In your opinion, which two determinates currently have the greatest impact on aggregate demand and supply? Justify your response with an example.
Sketch Sally's indifference curves and explain her consumption choices in term of marginal utility.
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
Using diagrams for both industry and a representative firm, illustrate competitive long run equilibrium. Assuming constant costs, employ these diagrams to demonstrate
Draw a demand and supply graph for tortilla market and use itshow the effect on this market of an increase in the price of corn.Once again, be sure to indicate the equilibrium price and quantitybefore and after the increase in the demand for the e..
Compute point elasticities at prices of 5 and 9. Is the demand curve elastic or inelastic at these points.
Firms can now not only choose their prices but can also choose their location. This happens in two stages. In the first period, firms choose their locations and in the second period, they choose their prices. The transport cost of the consumer is ..
Find out the marginal utility for each chicken piece. What is the meaning of the marginal utility of the 11th piece.
Compute the cross-price elasticity of demand between goods X and Y at the given prices.
The variable rdintens is expenditures on research and development (R&D) as a percentage of sales. Sales are measured in millions of dollars. The variable profmarg is profits as a percentage of sales. Using the data in RDCHEM.RAW for 32 firms in the..
According to BusinessWeek Online, worldwide spending on IT services andoutsourcing are expected to modestly grow through the end of this decade. Growth in business-process outsourcing (BPO)-the practice of hiring a third party to administer and ma..
Conflicts between Pat's statements and work. Do you see any conflicts among Pat's statements and trips to Europe.
However, using these new concrete forms adds 10% to the overall cost of the home. A typical 2,000 sq. ft. home using standard concrete forms costs $120 per square foot to construct and uses $300 per month average to heat and cool. Calculate the IR..
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