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Q1. A war breaks out which destroys industry facilities including factories, machine etc. Explain how Explain how this event affects macro variables?
Q2. Explain how do I draw a production possibilities curve for 2 products in an economy if a natural disaster affects one but not the other?
Q3. Illustrate what is the slope of the leakage schedule? Also, if a bank has $5 in vault cash plus $200 in liabilities with a required reserved ratio of .20 and a desired excess reserve ratio of .05 is the $5 in vault cash factored into the loan the bank will give out or just left alone as reserves?
Write down an expression for the profit GBC will make if it uses L units of labor at $1 an hour and sells the resulting output of cookies at $p a cookie.
By using calculus show that the production function exhibits diminishing returns to labor.
Illustrate what is M1 in Iron mania. Illustrate what is M2 in iron mania.
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
Describe the Schumpeterian notion of "creative destruction"
Your paper should be written using a word-processing program, likely Microsoft Word otherwise a Word-compatible program.
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
What must the CFO expect about the Australian Dollar/US$ exchange rate 1 year from now if she chooses to invest in the US $ CD's instead of the Australian CD's.
Assume that every driver faces a 1% probability of an automobile accident every year. An accident will, on average, cost each driver $10,000.
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