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Q1. Since of activity in the underground economy, GDP statistics understate the true volume of economic activity GDP statistics overstate the true prices in the economy consumers are not as well off as GDP statistics indicate industries' profits are higher than GDP statistics indicate
Q2. Justify when cutting prices is a good marketplace policy. Using specific data for an industry of your choice Elucidate how the benefits of such a policy.
Converse the law of demand also apply it to buying goods at a retail store also at a wholesale store.
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
Explicate which among the policies is most effective and least effective for this nation.
As Bavarian Crystal Works is only one for many crystal producers in the world market, it can wholesale as many of the decanters as it wishes for $50 apiece.
That of the following would mostly likely cause the Demand for miller beer to reduce.
Identify those who gave us the concepts of monopsony and human capital.
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
According to the rule of most favorable input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the corporation.
An upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing.
A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workers
Suppose that the demand for healthcare services is perfectly inelastic while the supply curve is upward sloping. Analyze the impact.
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
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