Clarification of economics

Assignment Help Microeconomics
Reference no: EM1367385

1. Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information

2. Governments impose excise taxes on goods which have inelastic demand, such as cigarettes, more often than in other cases. Describe why

 

 

Reference no: EM1367385

Questions Cloud

Write a class to accepts no parameters and returns no value : Write class named ParkingMeter containing:A method named tick that accepts no parameters and returns no value. tick decreases value of timeLeft by 1, but only if value of timeLeft is greater than 0.
Maintaining an acceptable level of risk : As a treasurer of a large United State corporation, you must decide how best to manage the company's cash flows to maximize profits, subject to maintaining an acceptable level of risk.
Unique perspective on patient interaction : Nursing as a science and an art has a unique perspective on patient interaction, as opposed to the profession of medicine.
Illustrate what would be natural rate of unemployment : Illustrate what would be natural rate of unemployment if a baby boom led to a year in which teenagers made up 20% of labour force.
Clarification of economics : Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information
Determine the effects on the exchange rate : Using demand and supply analysis to assist you, determine the effects on the exchange rate between the British pound and the Japanese yen from:
Illustrate what can you say about cost elasticity of demand : illustrate what can you say about cost elasticity of demand for DVD players. Will cost reduction necessarily lead to an increase in profits for DVD player manufactures.
The absolute and relative sizes of the public debt : Explain How do economists distinguish between the absolute and relative sizes of the public debt? Why is the distinction important?
Invoke method to tell air conditioner on or not : Suppose there is a reference variable myAC to object of this class, which has already been created. Using reference variable, invoke method to tell air conditioner object to turn on.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd