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Complete the Supply and Demand Simulation located on the student website.
Write a 700 - 1,050-word paper summarizing the content of the simulation, and address the following:
Identify two microeconomics and two macroeconomics principles or concepts from the simulation.
Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation.
Explain what causes the shifts, and how each shift affects the equilibrium price, quantity, and decision making.
you are starting your own internet business. you decide to form a company that will sell cookbooks online.
Assume the normal production process for beet sugar uses high sulfur oil for fuel and releases two units of sulfur dioxide to the air for every ton of beet sugar manufactured.
What is the short-run effect on the exchange rate of an increase in domestic real GNP, given expectations about future exchange rates? i. Explain why exchange rate overshoots when money supply increases in the short run.
the toilet manufacturer has proposed a quantity discount schedule for toilets as reflected in the following table for
Revitalize the Housing Market
Calculate the MRS or the marginal rate of substitution between X and Y. How much X and Y will Sam buy to maximize his utility given his budget constraint and the prices of X and Y?
give the definitions for marginal rate of substitution mrs and the price ratio. then explain them in your own words
The miracle Manufacturing company Short run Average cost Function In 1997 Is AV=3+4Q , Whwer AC is The firms Average cost ($/pound)And Q Is its output rate. A) Obtain an equation For the firms Short-run Total cost function.
For each sentence below describing changes in the tangerine market, note whether the statement is true, false, or uncertain, and explain your answer. You will find it helpful to draw a graph for each case.
assume that the demand for electricity is q d 120 2pdwhere q d and pd are the quantity demanded and the price paid by
suppose that there are two products clothing and soda. both brazil and the united states produce each product. brazil
As a transit planner, your job is to predict ridership and total fare revenue. Suppose that short-run elasticity of demand for commuter rail (over a one-month period) is 0.60, and the long-run elasticity (over a two-year period) is 1.60.
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