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Consider the impact of on the market for staples if the price of staplers increases. Draw a supply and demand curve to illustrate the market for staples, and then show the appropriate shift in supply or demand as a result of the change (ceteris paribus). Indicate on your graph whether there is a surplus or shortage at the original equilibrium price, and show the new equilibrium price and output. Explain briefly what happens in the market. Make sure your graph is well labeled and legible.
Germany and France produce guns and butter. Who has the comparative advantage in which good? You must show your work to get credit, e.g. by calculating the relative opportunity costs of guns in each economy. What is the range of exchange rates at whi..
Identify an example in which a firm you are familiar with made a strategic decision that was focused on improving the organization's profitability. How did the market structure in which the firm competes affect the firm's decision-making? If the mark..
You have just been hired as the controller of Land’s End Hotel. The hotel prepares monthly responsibility income statements in which all fixed costs are allocated among the various profit centers in the hotel, based on the relative amounts of revenue..
Suppose the output per effective worker is production function is y=10k1/2, where k equals the amount of capital per effective worker and the capital lasts an average of 10 years. Calculate the growth rate of total capital income and the growth rate ..
What is the benefits of market place clearing? In relations to health care providers, Is it more beneficial to the supplier of consumer?
A narrowly diverse culture is always desirable in organizations. The chain of command outlines the planned configuration of positions, job duties, and the lines of authority among different parts of the organization. Task-oriented behavior involves c..
Artsy T-Shirts sells 100,000 shirts a year, priced at $14 each. The company can produce any number of shirts at a constant cost of $10 each. It is considering expanding its sales by lowering the price to $12. What minimum increase in sales would be n..
Suppose the economy is in a long-run equilibrium when the government increases spending on defense. Now, suppose the Fed responds by increasing the reserve requirement, draw an aggregate demand/supply diagram that illustrates both the long-run and th..
If nominal wages rose 1.5% and productivity increased 3% in a given year, we should expect:
In the world of electronics overtime people realized the immense use of having a personal laptop. And at the same time the technology has improved significantly in last decade. In fact the technological improvement has surpassed the increase in willi..
q.the manager of the aerospace division of general aeronautics has estimated the price it can charge for providing
q.a woman managing a photocopy establishment for 25000.00 per year decides to open her own duplicating place. her
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