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Trade Surplus and Currency Value
What is the impact of a trade surplus? What is the impact of a trade deficit? How do trade deficits and trade surpluses affect the firm you work for?
Explain how could you use the concepts of marginal cost and marginal revenue to maximize profit? What information do you need to determine this.
Explain why do economists believe that the CPI overstates the rate of inflation
Why would the firm price it differently in different countries. Illustrate what do you think will happen to the price over time.
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
Consumption of apples drops from 30 pounds of apples a month to 21 pounds of apples.
What is the hypothesized elasticity of demand for one product/service that is produced by the company (or a product/company you are familiar with)?
The American Nursing Association (ANA) reports that there is a nursing shortage. Develop initiatives to move nurses through graduate studies more rapidly.
Pawel spends half of the year working in Britain where he consumes British food q and half of the year in Poland where he consumes Polish food Q.
It all begins two years ago when the officials in Plentiful decided to raise the tipping fees at their Raw End
Explain the principles of microeconomics apply to other country. Describe any differences or special situations.
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Use our discussion of price discrimination to justify this argument. What problems do you envisage in implementing the policy?
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