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Discussion
Discuss the various ways inflation can hinder economic activity. What are some strategies you might use in your life to deal with rising inflation? How might these strategies change if we experienced deflation?
Describe the concept of derived demand. Discuss the link between derived demand and unemployment by providing an example from our economy.
Assume the recent volcanic events in Iceland, which disrupted European air travel significantly, represented just starting. In other words, assume that experts forecast a world-wide series of big eruptions from active volcanoes.
So the people that live within walking distance are the only customers you might get, and there are no other stores nearby. If the firm sells the products separately, what price should it charge.
“Switching costs may either raise or lower average oligopoly prices” Provide arguments for the first (price increase) and the second (price decrease) statements. Give examples, please.
What does your firm do? Introduce your firm. How have supply and demand conditions impacted the firm in recent years? Examine price elasticity of demand for the products your firm sells.
My term paper will be about oligopoly market where the market in oligopoly situation is dominated by few number of sellers and would lead to a higher prices for consumers for the product or service they are getting.
A firm faces the demand schedule q = 40 - p0.5 (where p0.5 = 0, q = 40) and the cost schedule TC = q3 - 2.5q2 + 50q + 16.
What conditions exist when economic profits are maximized and what is the difference between economic and accounting profits? What are economic profit-maximizing strategies that may be made by a perfectly competitive firm, a monopolist firm, and a..
Figures from a consumption function table in billions of dollars:Disposable Income 200 Planned investment 50Consumption 250 Government Spending 30Net Exports 10Taxes 30Question 1: What is the total planned expenditures?Question 2: What is unplanned i..
An apartment block has seventy units of accommodation. It is estimated that it is possible to let them all if the rent is $2,000 per month, and for each $100 per month the rent is increased there would be one unit vacant. If profit from the lettin..
Discuss your feelings about bounded awareness and its various components. How has bounded awareness prevented you from making a good decision in your life or business?
Assume a market is characterized by a unionized and a non unionized sector. Both sections initially have supply given through Q=10,000+25w, and demand by Q=20,000-10w, where w is weekly salary.
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