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Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and demand
Elucidate how a recessionary output gap would emerge in an economy where long-run aggregate supply curve is persistently shifting to right.
The figure above represents Giuliani’s farm a profit-maximizing perfectly competitive firm with the price of its product been equal to $7. Explain your answers. How much is the firm's total, total variable, and total fixed costs? How much is the firm..
Assume that two firms sell differentiated products and face the following demand curves: = 15 − + 0.5 and = 15 − + 0.5. Derive the best response function for each firm. Do these indicate that prices are strategic substitutes or strategic complements?..
q1. edison electric companys president has been arguing that residential electric rates need to be raised relative to
explain the future consequences of this action on the economy and the inflation rate. Please indicate the documentation on your research.
There are three players, labeled 1,2 and 3. At the start of the game, players 1 and 2 simultaneously choose between playing “A” and “B”. If they both choose “A” then the game ends and the payoffs are (1, 0, 0) If player 3 guesses correctly, then he a..
Jerome says that he will spend exactly $25 each month on new apps for his mobile device, regardless of the price of apps. Jerome's demand for apps is
Create a fictional organization with at least three managerial issues, with resolution on all three issues.
What is budget deficit and how is it related to Government debt? What is cyclical adjustment to deficit and how does it help to understand the stance of fiscal policy? What is crowding out? How does budget deficit crowd out investment? Why a high lev..
Confronted with an adverse supply shock, an economy with rigid wages and prices would suffer
Suppose me also my roommate started a bagel delivery service on campus. List some of our fixed costs also express why they are fixed.
Define the terms decision management and decision control. Under what situations might it be optimal to make one individual responsible for both decision management and decision control?
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