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Impacts of innovation and technology on the cost of production
What are the impacts of innovation and technology on the cost of production? What are the effects of technology on the various market structures?
A nation has a lower inflation rate than all other nations, It has more rapid economic growth.
Illustrate the difference in the price elasticity of demand for an individual firm in a perfectly competitive industry as compared with a monopolist.
Explain which of the following transactions would be directly counted in 2007's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.
Illustrate what range of labor input is marginal product smaller than average product. What is happening to average product as employment increases over this range.
Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? Compute the value of the price index for GDP for 2005 by using 2004 as the base year. By what percent did prices increase?
Draw a graph showing hte above situation. Include in that graph, the monopolist's cost curves, demand and marginal revenue curves and the price and quantities that are indicated by the situation described above.
In specially in relation to inflation and unemployment in terms of both rational and adaptive expectations.
Illustrtae what are the nominal rates of interest for both the United States and the euro area?
If the Federal Government is giving more than it receives in tax revenues in an effort to reduce unemployment
Illustrate factors combined to alter the context of European economics development and how were they evident in the economic problems faced by European nations in the inter war period.
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
Calculate the predicted 2001 operating benifit for Con Agra and the percentage increase in operating profit.
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