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1. What are the vital functions of an Economy? Explain the price mechanism.
2. Explain measurement of Price Elasticity of Demand.
3. Describe the kinds of Economic Systems.
4. Price mechanism also known as the market mechanism, that helps to solve the central problems in Capitalist Economy. Explain.
5. What are the factors governing Price Elasticity of Demand? Explain.
6. Explain economic systems and resource allocation.
Micro media offer computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micro media is currently planning a two-day seminar ..
Given a normal population whose mean is 50 and whose standard deviation is 10. Find the probability that a random sample of 4 has a mean between 49 and 52.
To help you reach a $5,000 goal five years from now, your father offers to give you $500 now. You plan to get a part-time job and make five additional deposits, one at the end of each year. (The first deposit is made at the end of the first year). If..
Explain how will La Nina affect the price of Chilean wine. Assuming LaNina does not impact the California wine producing region, how will La Nina impact the market for Californian wine.
Explain how a price increase could be better for society than not raising the price of a product or service. Why does central planning not work efficiently?
Is project control different in an Agile project? What is the role of a project manager in controlling an Agile project? What is the role of the project client, sponsor, or customer at controlling project changes?
Using the sameproduct example above, analyzing how the risk tolerance factors play in supplying the good or service and how this should influence management's decisions.
Why is it in the U.S we do not consume all of our current output instead of sacrificing some present consumption for investments?
Consider an economy in which production characterized by the neoclassical function Y=K^.5N^.5. Suppose, again, that it has a saving rate of .1, a population growth rate of .02 and a average depreciation rate of .03. Determine what saving rate would y..
Draw what you think are likely shapes of supply and demand curves for the markets listed below. Explain why you drew the graphs the way you did. Explain the slopes of the curves near the competitive equilibrium in your graphs.
Maritime Insurance Company offers insurance policies for recreational boats.
The demand for Ford trucks
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