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Are cyclical fluctuations necessary for economic growth?
Explain how are money cost and opportunity cost related to each other. If markets function well, they are closely related. They are always identical in any economic system.
How will the unemployment rate during the current period compare with the natural rate of unemployment.
Assume that you live in a simple economy in which only three goods are produced and traded.
When the price of pears fell to $3, what part of the change in Sarah's demand was due to the income effect and what part was due to the substitution effect?
Illustrate what cost should each industry charge if it wants to maximize its profit. Why are costs and output of industries 1 and 2 same however different for industry 3.
Elucidate the dynamics through which an increase in the stock of money affects real output and the price level in the short run.
Explain why do national income accountants compare the marker value of the total outputs in various years rather than actual physical volumes of production.
Each firm can monitor the other's price very closely and can respond instantly
reduce period-one taxes to t1 = 2 without changing either g1 or g2. If this policy change is enacted, is it possible to numerically calculate the amount of tax collections that the government will require in period two.
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
Using this demand function, find the total revenue function. What is the shape of the total revenue function.
Conclude the optimal number of bran muffins to sell in a single package also the optimal package price. Elucidate how all step by step calculations to arrive at solution.
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