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The existence of a budget deficit or a budget surplus tells us very little about the stance of fiscal policy. Explain and discuss.
Which of the following are the ideal conditions for a laissez-faire economy?
Why do you think it is necessary for managers to ignore profit margin (average profit) when making an optimal decision?
What are the key points to take note of when stepping into the banking and finance industry.
Explain and illustrate how each of these events would affect aggregate demand, aggregate supply, and prices, then explain how you would respond with economic policies.
You are given the following data for a shoe manufacturing firm operating in a perfectly competitive market.
The city of Bugnussle is considering exceeding the runways of its municipal Airport so that commercial jets can use the facility. The land necessary for the runway extension is currently farmland which can be purchased for $350,000. Construction cost..
Find the equilibrium given the following demand and supply for oil (in barrels)
The marginal private benefit (MPB) for commodity X is given by MPB = 20 – X, where X is the number of units consumed. The marginal private cost (MPC) of producing X is 2X (MPC = 2X). For each unit of X produced, the marginal external cost (MEC) of pr..
q1. following are observations on the market cost and the quantity of good x produced and consumed in three different
Compare the log-linear model above with the following linear model:
The annual rate of inflation average 2 percent during the past decade, but borrower and lenders anticipation that the price level will rise at the rate of 3 percent next year. The current nominal interest rate is 7 percent. What is the real rate of i..
The demand for good X has been estimated by QXd =12 - 3PX + 4PY. Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity when the price of X increases to $3.
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