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The U.S. capitalist system relies on a theoretical model, the circular flow model, with three basic elements interacting together to ensure that our needs and wants are provided. The three sectors are (a) consumer, (b) business, and (c) government. The circular flow model shows us that input from each sector spurs on production, and thus goods and services are created. Become familiar with the circular flow model it is primary to your understanding of the US economy cycle.
Compare and contrast the circular flow model and a simple flow model. Address what happens to price and quantity in changes in demand and supply. Be succinct, detailed, and clear in the explanation of what will happen to changes in the circular flow model?
An energy company orders metric tons of liquid natural gas that is used at the rate of 1,000,000 metric tons per year. Delivery lead time has averaged 8 days. What is the economic order quantity (in metric tons)? What is the total holding cost for th..
q1. assume that a leader country has real gdp per capita of 40000 whereas a follower country has a real gdp per capita
Discuss what happens to equilibrium price and sales. Explain why or why not this makes sense in the real world.
Consider the following short-run production function: q = 5L2 - 1/3L3. Illustrate at what level of L do diminishing marginal returns begin. At what level of L do diminishing returns begin.
Elucidate what is the present discounted value of the cost of the car if you use GM's interest-free financing
Occupational segregation is more likely to explain the:
A shortage of a good occurs when: Who ultimately pays the tax depends on who writes the check to the government. If a buyers pay $10 per unit and sellers receive $8.50 per unit the tax is 1.50 per unit
Find the number of units of input L that maximizes the average product function. Determine the boundaries for the three stages of production.
Suppose Noah and Naomi's short-run weekly production function for garden benches is F(L)=0.4L. Where L represents the number of hours of labor employed. The wage rate is $10 an hour. What is their short-run cost function?
Based on the collected data analyze the current macroeconomic situation and its impact on walmart and starbucks. Explore in particular illustrate how the two companies' respond to the macroeconomic conditions in terms of their:
Use the algebraic form of the aggregate demand curve to find the level of GDP that occurs when the money supply is $900 billion and government spending is $1200 billion. Repeat all the previous calculations if government spending increased to $1300 b..
Under illustrate what circumstances should the debtor nation status of the United States (US) be a concern.
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