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Consider this scenario. You work for an auditing company. You have been asked to audit a national retail chain. Select one access device and one instance of application software which could be used by the retail chain to produce documents. Create a memo which you could provide to your manager in which you set out the capabilities and constraints of the device and software. Provide examples where appropriate.
Explain how would the subsiquent changes in price affect total revenue. What are the major determinants of price elasticity of demand.
Differentiate between Monetary policies and Fiscal policies. Give elaborate explanations.
Calculate the marginal product of labor, at what point does diminishing returns set in, calculate the average product of labor and find the three stages of production
If monopolistically competitive firms have some control over their prices, why don't they set price above average total cost so they realize an economic profit in the long run?
Describe and explain the interest parity concept using formal methods Explain IS and LM curve behavior and nominal interest rate in the domestic economy,
You are asked by the business editor of the Yuk Gazette to predict the events of the next few months. By using the data given, make a forecast. (Assume that investment is constant.)
Assume that an earthquake destroys part of capital stock. Forecast what will happen to total production, the real return to capital, and real wage.
problem 1.the elasticity of demand for home computers is -2.5 the elasticity of demand for business computers is -.90
Explain the economic situation in the UAE based on the article. Summarize the articles with your own words
Assume the price of product B, increases from $1 to $1.50. As a result, the quantity demanded of product "A increases from 500 to 600 a month. This indicates that the cross-price elasticity and relationship between the two products.
Discuss how government policies can influence economic growth. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
Discuss the cyclical behaviour of the budget deficit in South Africa and provide an explanation for this behaviour. (half a page with references)
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