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Consider an economy that has the "typical" sacrifice ratio we discussed in the Power Points. If inflation is currently 6% and the economy would like it to be 2% within the year, that economy must experience a ____________% change in GDP (output).
Illustrate what management-financial considerations would required to be considered. Elucidate why the firm's short run production has only one ‘rational' stage of production.
q.suppose you are attempting to buy a used bicycle and you are bargaining with the owner over the sale price. the bike
If the college charges all students the same tuition, illustrate what tuition can it charge to cover all of its costs.
Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to calculate the percentage increase in real GDP per person from 1987 to 2005.
In Solow model, what would happen to consumption (the difference between output and savings) if: - there is an increase in saving (investment)- there is an increasing in population.
Suppose that the economy starts at equilibrium and the mpc = 0.8. Illustrate what would be the effect of a $300 increase in taxes once all the rounds of the multiplier process are complete.
Suppose a firm in a perfectly competitive industry has a short run total cost function given by TC=1100+0.02Q^2 and a marginal cost given by MC=0.04Q. If the market price is 12, what will the firm’s short run profits be?
What does the latest research say about the connection between customer satisfaction and customer loyalty? Do an Internet search of this topic and find specific statistics.
Illustrate what is happening to the value of the US dollar these days. What causes the value of the US dollar to rise or fall.
Explain the paradox of why new cars usually lose a large fraction of their market value the moment they are driven from the showroom. Identify the economic principle that explains this paradox.
A construction company is bidding on a project comprising five high-rise buildings to be erected one after the other.
Suppose vehicle is introduced into a central business district (CBD), doubling speed of travel for information exchange. Who financially benefits from innovation.
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