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Suppose you are a painter and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. Your usage of paint drops from 35gallons a month to 20 gallons a month. Perform them following: Compute the price elasticity of demand for paint and show your calculations.
Illustrate what happens if there is an raise in demand that increases the price of the firm's product by 10%.
Illustrate what would be a monetary policy prescription to reduce or eliminate deflation.
Find the optimal level of inputs L* and K* that minimize the cost of producing Q0. What is the cost of production associated to L* and K*?
If the government increases the money supply by 50 percent, and velocity of money and real GDP remain constant
Assume labor's share of GDP is 70% and capital's is 30%, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3%.
Describe ways firms establish barriers to entry and explain how they benefit firms but not consumers.
Choose one best practice from an organization or management that you are familiar with, and then whether that best practice can be implemented into the culture of a governmental entity and how it can improve service delivery to its citizens.
To increase marketplace share, Giuseppe would like to raise sales to 750 every week. Elucidate price should Giuseppe set.
Should price rise for products in demand be allowed during extreme times of demand.
Suppose you are asked to address a professional meeting and explain microeconomics, macroeconomics and their differences.
Give salary subsidies to firms that hire the less-advantaged. Initiate a federal training program the raises the skills of poor individuals.
If my comapny operates in a competitive market and competes with many other domestic and foreign firms.
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