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Q1. "Managerial economics involves use of economic analysis to make business decisions involving the best use of a firm's scarce resources" Explain the statement with suitable example.
Q2. What determines the capital-labor ratio for each good in each country? Why might both industries use a higher capital-labor ratio in one country than in another? Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries? Explain.
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
the mainstream theory of the business cycle, is the most common source of reciession: a decrease in aggregate demand, a decrease in aggregate supply, or both.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
Summarize in words the predictions and limitations of the theoretical framework developed for the first exam: that is the predictions for the effect of capital accumulation.
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
China has continued to lag well behind the rest of the world in information technologies
A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workers
All farmers in Trivialand are self - employed and sell all of their wares to Super Duper. Elucidate the costs incurred by all of Trivialand's busines.
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
Analyze a situation in which both parties entering into a contract could benefit, economically or otherwise, from slightly ambiguous language contained in the contract.
Make sure to make available examples of real world to strengthen your position of wherever this might be case
The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
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