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Q. Below are some data from the land of milk also honey.
year/price of milk/quantity of milk/price of honey/quantity of honey2008 $1 100 quarts $2 50 quarts2009 $1 200 quarts $2 1002010 $2 200 quarts $4 100
Compute the percentage change in nominal GDP, real GDP also the GDP deflator in 2009 also 2010 from the preceding year. For each year, identify the variable which does not change. Explicate in words why your answer makes sense.
We said that an uncrowned country club golf course has aspects of public good.
Compute most favorable output also profit for each firm and the market price. Also, compute the resulting profit of cartel.
both the short run and the long run assuming that the government takes no action in response to the oil price increase.
Calculate the tax incidence of the buyers and the monopolist.
Explain why does the profit motive does not automatically avoid air pollution in the production of steel and other products.
Illustrate what are the factors that will allow them to increase their added value in this type of competitive environment.
Illustrate what does the evolution of Coke's strategy tell you about the convergence of consumer tastes and preferences.
The government wants to increase real GDP demanded to $15 trillion at the given price level
The cost leadership approach implicates competing by having a lower cost than one's competitors
Show graphically the effect on the supply and demand for Bonds in a deflationary period.
The currency-deposit ratio has been and is likely to remain relatively stable. The ratio of non-transactions deposits to transactions deposits increased by a factor.
The third largest city of a country has a population of 12.5 million.
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