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A major step toward mastering the economic way of thinking is learning to reason in terms of supply and demand. I have listed several questions below to answer and practice these concepts.
What effect would you predict on the price of rental housing in an area where several major employers have recently closed down or moved away? Would you expect the effect to be large or small and why?
What effect would you expect an increase in the property tax rate to have on residential rents? Would you expect the effect to be different in the long run from what it is in the short run?
Draw the demand curve for the bridge crossings. How many people would cross the bridge when there were no toll? What is the loss of consumer surplus associated with charge of toll of $4.00
Attorneys for Eastman Kodak argued in front of the U.S. Supreme Court to defend the company against charges levied by several independent firms that provide service for machine sold by Eastman Kodak.
Illustrate what is the relationship between the variable that you selected and the economy. What trends do you see in the data sets.
Major multinational company such as Acme (some of which are listed below) attempt to track the relative movements and magnitudes of global capital investment.
Suppose the issues of where, when, and elucidate how to be considered by an organisation planning an international entry strategy.
Elucidate why population growth has such a negative impact on economic growth in the Malthusian and Neoclassical growth models.
If average variable prices are assumed to remain constant over a 10 percent increase in output, elucidate the effects of the proposed price cut on total profits.
Explain how does the distinction among nominal and real interest rates add uncertainty to the effect of monetary policy on the economy.
Illustrate what should it do in the short run. Restricting the issuance of Federal Reserve Notes because paper money is the largest portion of the money supply.
Is Guatemala debt makes if the government runs a balanced budget in both a and b.
Elucidate at what price also quantity will marginal revenue be zero. At what price and quantity will marginal revenue be maximized.
An entrepreneur plans to convert a building she owns into a video-game arcade. Her main decision is how many games to purchase for the arcade.
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