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Calculate the maintained markup percentage for a department under the following conditions:
Net Sales: $75,000
Opening Inventory: $37,000
Closing Inventory: $38,000
Net Purchases: $46,000
Freight Inward: $1,400
Cash Discounts: $2,400
Illustrate what effects would their combined actions have on GDP. Illustrate what effect would this have on your industry.
What is the understanding of the word demographic dividend?
Suppose that government spending in support of education was increased. Explain if this action would shift the aggregate demand curve, the aggregate supply curve, or both curves? What would happen to the price level and real GDP.
Compute all meaningful price, income, and cross elasticity coefficients.
Draw a graph of the market for banana. What are the equilibrium price and quantity? Explain why. If the price of banana was $1.50 a box. What would be the situation in the banana market (shortage or surplus)? Explain why and how the price and quanti..
Describe why relatively flat as opposed relatively steep labor demand curves are more consistent with empirical observation that there are relatively minor changes in the real wage rate over course of business cycle.
In general, The problem with increase in health care usage due to better health insurance is:
Describe what gross domestic product is and how it is measured. There are several transactions that are excluded from measuring GDP such as financial transactions, second-hand goods, etc
What is the argument against attempting to balance the Federal Government budget rapidly at the present time via either deep cuts in Federal Government spending on goods and services or via sharp increases in federal income tax rates?
Elucidate in Olipolistic terms, and with graphs, what is really happening. Shoud the US anti-trust laws be invoked in industries like this.
1. Strictly speaking, pure competition never has existed and probably never will. Then why study it 2. Why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures
A Federal Reserve Bank has recruited the economic consulting firm to prepare a paper on how the use of money has changed over the past 20 years.
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