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Describe how changes in the macro environment affect individual firms and industries through the micro economic factors of demand, production, cost and profitability. Drawing on current business publications, find some updated facts for each case that support this theme
One organization must have high fixed costs also low variable cost also the other must have low fixed costs also high variable costs.
If the economy is competitive so that factors of production are paid the value of their subsidiary products, what is the share of total income that will go to land.
Rise in the price reduce the quantity demanded, assuming price elasticity remains constant along the demand curve.
Explain how would a low-cost price leader enforce its leadership through implied threats to a rival. Provide at least one example of such a strategy.
Which of the subsequent is directly included in the calculation of the GDP?
Explain was the demand for its hamburgers elastic or inelastic. Evaluate the accuracy statement.
Illustrate what is marginal product of capital in this situation. What must the saving rate be to achieve the Golden Rule level of capital.
Manufacturers begin building a new plant in Arizona. Which determinant of cumulative demand causes the change.
Explain how many cases of toothpaste should be produced in order to maximize profits. Illustrate what happens if its decided to raise prices unilaterally in this toothpaste market.
Numerous times in the lectures labelling the vertical axis as euro per $ and the initial supply and demand curves labelled with 12/07, Label this initial point as point A.
What percent of the tax is borne by buyers. If income rises to $40,000, how much will tax revenue rise.
Prove utilizing a graph, that a diagonal line through the original would intersect each indifference curve once.
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