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Q1. Rex has determined that demand for his product is given by Q=180-5p and cost equation given by C=75+.3Q. Determine the optimal price and quantity for the firm.
Q2. How does Iraq's infant mortality rate correlate with Iraq's GDP per capita?
Q3. In 2009, a nation's real GDP were $250 billion and in 2010 it is $265 billion. Its population was 120 million in 2009 and 125 million in 2010. In 2010, what is its real GDP per capita?
Q4. Winston Churchill once thought that democracy is the nastiest form of government except for all others. In microeconomic terms what did he mean? Would a more practicable democratic system add to or reduce the ability of government to operate more efficiently?
Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.
Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again.
Prices the selling monopoly charges for TV sets in periods 1 and 2.
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
Discuss the pros and cons of annuities when compared with other financial instruments and whether they provide a better investment opportunity for some people.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
Air transport for businesspeople and tourists
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
Why does Michael Porter admonish companies will not change his competitive positioning any more regularly than once every four or five years.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Which of the variables above is NOT statistically significant at the 0.05 level.
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