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1. If you were the President of this country, which component of GDP (C, I, G, or NX) would you focus on to encourage growth? Why?
2. If you were the Chairperson of the Federal Reserve, what kind of Monetary Policy (Increase or decrease Money Supply) would you advocate? Why? How will this policy impact GDP?
The cost function of a certain product is given by: how much does it cost to produce 30 units of the product? how much does it cost to produce 31 units of the product? what is the exact cost of producing the 31st unit?
q1. a firm hires 2 workers also rents 15 acres of land for a season. it produces 150000 bushels of crop. if it had
Red Bull GmbH is the largest energy drink seller in the world. As the market leader in energy drink segment, Red Bull’s management team believes it is the time to expand their business into other segments in beverage industry, such as juice segment. ..
Generally what are the short-term and long-term effects of immigration on labor markets ? Why is there so much opposition to immigration? What are the benefits of immigration ?
Indicate the direction of the shift in the supply curve or the demand curve for dollars; the factor causing the change, and the resulting movement of the equilibrium exchange rate for the dollar in terms of foreign currency if the United States exper..
Suppose the price of good 1 is $2, and the price of good 2 is $1. Derive Pete’s demand function for good 1 (as a function of income). Is good 1 normal for Pete? How about good 2? Plot the Engel curve for goods 1 and 2 (with income on the horizontal a..
When a restaurant stays open for lunch service even though few customers patronize the restaurant for lunch, What are the principles is (are) best demonstrated.
If the government decided to impose a 20% tax on red t-shirts, would the government generate a large or small increase in revenue? Use the concept of elasticity to explain your answer.
How does Costco differ from other retailers? What is their business model? Who is the Costco target customer? Why? Why are the stores laid out the way they are? How is this different from other retailers? Why does Costco keep the price of its hot dog..
Consider an economy with a constant population of N = 100. Individuals areendowed with y = 20 units of the consumption good when young and nothing when old. Suppose instead that the initial old were endowed with a total of 800 units of fiat money. Ho..
The relationship between Price elasticity of demand and Marginal Revenue can be shown to be: There are two types of customers that come to the Barnegat Fish Company to have their signature crab cakes: An affluent group with a price elasticity of dema..
explain the future consequences of this action on the economy and the inflation rate. Please indicate the documentation on your research.
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