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Assignment:
Consider a Petrol/Gas Market and Car Market, both are in equilibrium. Petrol/Gas supplies are sharply reduced because of OPEC decision. How does the OPEC decision affect Petrol/Gas and Car Market. Assume there is no Petrol/Gas substitute. How would you illustrate these changes in the petrol/gas market and in the car market in supply-and-demand terms?
What measure of economic development is used most often to classify nations as industrially advanced or as developing?
What does it mean for a good to be elastic? How can you tell which goods are elastic?
Public Insurance and HealthWhat is "take up"?What is "crowd-out"? What does the evidence show about take up and crowd-out from Medicaid expansion?Why did Hawaii end its universal child health care program?
Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve.
Compare the effect upon a competitive firm's output of a tax of $1 per unit upon output versus a license fee of $200 payable each year regardless of output. Please Clarify.
Summarize the results of your Environmental Scan and Porter's 5 Forces. Explain the current situation of the organization in the market
Explain why factors that are not part of the calculation of the Gross Domestic Product (GDP) can be important exclusions that have important meaning for understanding domestic macro-economics.
In the case of a firm’s long run average total cost curve: 1) identify the INdependent and DEpendent variables and 2) describe the behavior of costs per unit in its downward-sloping segment.
Calculate the level of output for which the total cost of production using Method X is equal to the total cost of production using Method Y. Calculate the total cost of production per period for Method Y at this output.
The table below contains data from the Bureau of Economic Analysis (BEA) on real GDP in the United States for 1980 to 1984. During this period, the United States experienced economic fluctuations (one recession and periods of economic growth).
A natural monopoly is caused by entry prices being high while operational prices are low. In order for company B to get into the market for processors they have to endure high initial costs which would be where most will flounder.
Calculate the duration for a $1,000, 4-year bond with a 4.5 percent annual coupon, currently selling at par. Use the bond"s duration to estimate the percentage change in the bond"s price for a decrease
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