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Why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders?
What conclusion could be drawn if the volume of unfilled orders and average length of delivery times decreased while inventories increased dramatically?
What does Friedman mean when he says the Earth is becomming "hot, flat, and crowded?" Describe three of the key problems that Friedman identifies in the book and explin why they re important.
Now using the information on input prices also MR, Illustrate what is the optimal input combination.
What is the Law of Diminishing Returns. Discuss a company's two short run options: 1. stay open or 2. shut down.
Assuming the labor supply curve to an occupation is upward sloping, economic rent is earned by:
Explain why do we consider a business-cycle expansion different from long-run economic growth. Why do we care about the size of the long run growth rate of real GDP versus the size of the growth rate of the population.
Assume a machine which has a useful life of only one year costs $2000. Assume, also, that net of such operating costs as power, taxes and so forth, additional revenue from output of this machine is expected to be $2300. What is rate of return on ..
A proximity sensor attached to the tip of an endoscope could reduce risks during eye surgery by alerting the surgeon to the location of critical retinal tissue. A certain eye surgeon expects that by using this technology, he will avoid lawsuits of $0..
can you think of any financial innovation in the past ten years that has affected you personally? has it made you
Elucidate how if at all among the following events affects the location of a country's production possibilities curve.
Illustrate what conclusions can you draw about the similarities and differences between the EU and globalization.
The banking system is a fractional reserve banking system with a desired reserve deposit ratio. Banking system is a fractional reserve banking system.
What is the maximum amount of harvest that can sustainably be achieved (i.e., the maximum sustainable yield, MSY)?
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