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Consider the demand for Ramen noodles. Suppose the price of Ramen noodles decreases. If Ramen noodles are a normal good, this will produce a _____ (choose: positive/negative) substitution effect and a ________ (choose: positive/negative) income effect.
Draw demand, marginal revenue and marginal cost curves for each market. Approximate profit maximizing prices and quantities graphically and/or determining solutions algebraically. Illustrate what are firm's total profits.
Assume that there is a competitive industry composed of five identical firms, each of which has the following cost schedule: The firm's level of marginal cost is equal to a quarter of its own level of output. For example, at an output level of 10, ma..
Which of the following statements is false in the short run? The long-run average-total-cost curve shows.
Illustrate what happens to aggregate output and the price level in each case.
If there are zero transaction costs, firms prefer to hire employees over independent contractors. Employees shirking on the job is an example of moral hazard. Tournament compensation theory predicts that the pay for a CEO is set at a level equal to t..
How should the IMF (international monetary fund) operate? Why is the topic of interest to you in this course? How do you want to answer the question or issue you are pursuing?
q1. suppose that businesses buy a total of 100 billion of the four resources labor land capital and entrepreneurial
q. a business employing 8 workers to produce commemorative t-shirts for campus events organizations. they are currently
What are the financial markets and what purposes do they serve? What are financial intermediaries? How do these intermediaries function in the economy? What is a federal government budget deficit? What is the national debt? How does a budget deficit ..
Choose a company whose stock is publicly traded on a United State stock exchange. What strategic changes has this company made over the last 18 months to respond to changing macroeconomic conditions?
illustrate the actions the firm took in a certain countries to achieve this, choose a firm which became an MNE with location advantages and depict the steps the firm took in a specific country(s) to accomplish this, select a firm that became an MN..
Which of the following is NOT true regarding top-down budgeting?
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