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Q. The nominal cost of a 1990 laptop was $3,500 also the CPI that yr was 130.7. The nominal cost of a laptop in 1998 was $1,600 also the CPI that yr was 163.0. Illustrate what is the real cost of a 1998 laptop in terms of 1990 dollars? By illustrate what percent (%) has the real cost of laptops changed?
Q. The advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry.
Q. ‘Analysis the changing views of economic system', illustrate what does that mean?
During the month, there are 26 workdays. The company has 15 workers.
The zinc also copper monopolists every set a price, believing that the other monopolist will not change its price. Conclude the equilibrium price of brass.
The local community has instituted a price ceiling of $480. Does consumer surplus increase due to this price ceiling. Does social welfare increase as a result of the price ceiling
Illustrate what is the Business Cycle. Be able to describe all of its parts such as peak, trough, long-term trend, etc.
This would be ideal because he would have the same number of pretzels as he would soda leaving no money left to spend.
Illustrate what is the value of goods and services purchased by the government of Numidia.
He goes to his pal "Hammerhead" the loan shark who loans him $10,000 for a year. Illustrate what is true effective interest rate per year.
Assume that the newspaper can't differentiate students from teachers and can only charge a fixed price per article.
We never entertained the possibility that more than one market failure might exist simultaneously.
The numbers on this spectrum represent the number of voters lying to the left of the number.
Each firm can monitor the other's price very closely and can respond instantly
Talk about the ramifications involved in conducting business under both/either scenario.
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