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1. Being an Entrepreneur, which time period you want to be in? Short run or Long run and why?
2. In your opinion, how factors of production play an important part in Production process?
3. Explain the difference between Returns to factors and returns to scale
The number of parts produced per hour by a worker. when will she be at a maximum productivity.
Illustrate what are the Joseph's demands for roses also tulips as a function of prices also income.
Ohm Control Systems is a large manufacturer of control systems for the electrical power generation and distribution industry. Over the past few years, Ohm has watched overseas competitors take away market share with products that are priced lower and..
Suppose you own a television factory and at your current level of output you have average total cost of $800 per television
How will your policy recommendation impact interest rates, the unemployment rate, and the inflation rate?
Jake would like to buy a house for $1,000,000. Jake put $200,000 down, and then get a mortgage for the rest at 4%, compounded monthly. What is the difference in
Would you recommend that the developed country eliminate the tariff? Explain your reasoning.
Consider the application of the IS/LM model to the Great Depression. In 2002, Ben Bernanke was speaking for the entire Federal Reserve Bank and admitted to mistakes in the policy response to the economic downturn in the 1930s. Recall that the data sh..
What are the potential advantages and disadvantages of the government setting prices for goods or services in a market? What are potential advantages and disadvantages of government utilization of special taxes or subsidies for certain goods and serv..
Would you expect the price elasticity of demand for cars to be more price elastic or more price inelastic than the price elasticity of demand for 2015 model year Subaru Outbacks? Fully explain why. Calculate the price elasticity of demand between two..
If the market demand curve is Q = 100-p, what is the market price elasticity of demand? If the supply curve of individual firm is q = p and there are 50 identical firms in the market, draw the residual demand facing any one firm. What is the residual..
During an election campaign, the incumbent argues that he should be reelected because GDP grew by 12% during his term in office. You know that population grew by 4% over the period, and that the GDP deflator increased from 100 to 108 during the past ..
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