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Draw the demand and supply curves for the food industry before COVID 19. Point out equilibrium. Indicate, using labels and arrows what direction demand and supply has gone since the crisis has begun. Point out the new equilibrium. You do not have to make up numbers, but you need to accurately label demand, supply and equilibrium, both for the original market and the current market after the impact of COVID 19
Dr. Robert Reich-What is wrong with economy in a little over 2 minutes! http://www.youtube.com/watch?v=JTzMqm2TwgE . Wealth Inequality http://www.youtube.com/watch?v=QPKKQnijnsM
Assume the following market supply and demand functions Qs = 10 e0.1 P - 20, Qd = 150 e-0.2 P -Determine the equilibrium price and quantity.
What output maximizes the White Company's profit and what is the White Company's economics profit? Should the White Company continue in business or shut down in the short-run? Why?
Explain the two core objectives of the Federal Reserve in managing the U.S. money supply. Discuss in detail three of the tools that the Fed uses to adjust the money supply to meet these objectives.
Is it really possible to never tell a lie? Have we all told a lie at some point in our lives?
Describe the effects of employment discrimination on wages. How could this impact ones business decisions in relation to labor costs?
If the mass of 0.210 L of the compound was 2.38 g, calculate the molecular formula of the compound.
Write a short essay one page and a half about the following video. Resource based economy: Sue Everatt at TEDxPasseigDesBorn- https://www.youtube.com/watch?v=LViQjSXjZPw&spfreload=10.
Clarissa's utility function is U(r, z) = z + 120r - r^2, where r is the number of rose plants she has in her garden and z is the number of zinnias. She has 250 square feet to allocate to roses and zinnias. Roses each take up 4 square feet and zinnias..
Compute the planned production of finished goods (in units). Compute the cost of finished goods manufactured. Compute the cost of goods sold.
Explain the potential effects of microfinance on the economics of the household. Explain at least three different reasons as to why there might be selection.
In an increase in income would result in the budget line - As long as the marginal utility per dollar spent on pizza is greater than the marginal utility per dollar spent on soda, then to maximize utility a consumer will buy
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