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[1] If the demand for corn increases dueto its use as an alternative energy source, what will happen to thesupply of corn's substitute such as soybean?Explain, in economic terms, why this is so.
[2] What will happen tothe price of corn oil?
[3] How does theprice elasticity of demand for corn oil influencethe quantity-demanded of corn oil and theTotal Revenue earned by sellers of corn oil?Explain, using economic terms, why this is so.
Consider a price ceiling imposed on a monopoly that is set below competitive price. Make a diagram showing the monopoly equilibrium in this case.
When an inefficient firm or a firm producing a product that people no longer want goes out of business, people are unemployed, but that's part of the normal process of economic growth and development; the unemployment is part of the natural rate
The description of both your environmental also internal scanning process, comprising what factors you considered and why will be in your MS Word file.
Write an essay of about 3,000 words using the approaches developed in the module to appraise the fiscal strategy of the Conservative-Liberal Democrat coalition government.
When you are a manager for a MNC in a foreign country do you interfere with local customs such as mistreatment of women and use of 10 year old children as child labor, or do you respect the local customs and traditions
Describe the economic situations when your position can be successfully implemented and when it may be doomed to failure.
Explain how can a domestic market be protected. If a country had protected domestic market, what would be the likely effect on its balance of trade.
Which of the following is most likely to be an example of economies of scale? A. The per-unit costs on Excel Publishing Company's manuals fall because it adopted a new technology following a large order from the government. B. Alpha-Beta Inc. rais..
A firm wants to lease some land from you for twenty years and build a warehouse on it. As your payment for the lease, you will own the warehouse at the end of the twenty years.
Compute the expected stock price for each firm using the constant growth dividend discount model.
Calculate the multiplier and the level of equilibrium income and calculating the budget surplus
Assume that MPC is 0.8, while the sum of planned investment, government purchases, and net exports is $500 billion. Assume also that the government budget is in balance.
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