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Describe the demand model and its purpose. Describe the supply model and its purpose. Some important questions need to be answered in your description. Why is the demand curve sloped down and what law describe this downward slope? Why is the supply curve upward sloping? What is the difference between change in demand and change in quantity demanded? List the determinants (demand shifters) that will shift the demand curve, "change demand". List the supply shifters. If demand and supply shifters shifts the demand and supply curve, what is the only variable change that will cause a movement along the curves instead of a shift in the curves (variables to consider is price, quantity, demand or supply shifters).
Evaluate the potential benefits and risks, a SWOT analysis might be appropriate on scrum methodology
Textile Workers of America is planning to strike for higher wages. Management predicts that if strike is successful, cost of labour will increase $100 per day. If strike is successful, how would this affect decision in part a to purchase a textile..
Assume that a hypothetical economy with an MPC of 0.8 is experiencing boom with the gap of 25 billion between potential real GDP and actual real GDP. How much would the government spending have to cut to decrease real GDP to the potential real GDP le..
A student has a budget of $200 for their meals outside of the home per week. One possibility is purchasing a meal at a restaurant, which we will call x1, and which costs $20, and a second possibility is purchasing a meal at the school cafeteria, x2, ..
Suppose the President gets Congress to pass legislation that encourages investment in research and the development of new technologies. Assuming this policy leads to a positive productivity change for the U.S. economy, use aggregate demand and supply..
A new health minister proposes to distribute an apple a day for free to every citizen. To be effective the legislation states that the free apples may not be traded or sold. Explain why this “no trade” policy would be inefficient.
Priyesh’s preferences for goods x and y is given by the utility function U = x2/3y1/3. His income is $192 and the price of good y is always $1. Suppose the price of x starts at $8 and then decreases to $4. The substitution effect results in Priyesh b..
Assume the market for heating energy. This year it is forecasted to be an unusually cold winter. Explain what will happen to the market for heating energy. Identify the effect on equilibrium quantity and price. What happens to the number of firms in ..
Garden plots at the Aches and Pains Elderxare facility rent for $1 per square foot per month. Lucky has $100 per month to spend on her garden and bus with each bus ride costing $5. The good news is that Lucky's children will pay for half the cost of ..
How does one assess and determine the performance of an economy (any economy)? And more specifically, what criteria are commonly used to do so?
What is each project's MIRR? From your answers to Parts a, b, and c, which project would be selected? If the WACC was 18%, which project would be selected?
If the George Firm is minimizing costs, its RTS is 1.5, and it pays its workers $30 per hour, how much must it pay for each hour it uses its capital?
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