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A firm with a kinked demand curve experiences an increase fixed costs.
Explain how the firm's price, output and profit change.
Suppose one economist believes the target rate of unemployment is 4.3 percent while another believes it is 5.5 percent. Using Okun's rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $12 trillion economy
Read the article "FDI into Africa on the up" from Ernst and Young and discuss on the following questions by writing 1 and half pages with proper citation with own words. § What is the impact of increasing FDI into Africa on the global economy? § If y..
Using the three quarters moving average, find out the the forecasts for 3rd quarter 2010, 4th quarter 2010, and 1st quarter 2011. Use the given data, actual demand 3rd quarter year 2010 is 260, the actual demand 4th quarter year 2010 is 270, and t..
Assume x and y are the only two goods a person consumes. If after a rise in p x , the quantity demanded of y decreases, one could say
Elucidate the nature of Keynesian tax cuts under Kennedy and Supply-Side tax cuts under Reagan.
You are considering auctioning a Leonardo Da Vinci original sketch. You entice four bidders to come to your auction. The bidders' valuations of the sketch in decreasing order are $3.0, $2.2, $2.0, and $1.5 (in millions). If you used a second-price..
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input?
Suppose are predicting a steady decline of 6% per year in dividends for the foreseeable future. What is the most you would be willing to pay for this stock.
Compute the monopoly equilibrium. Compute the consumer surplus. Assume this firm practices two-parts tariffs, Compute the optimal output.
Please Analyze the supply and demand of goods or service of Subway restaurant, think what your Subway produces. Determine some things that would change the demand for their product?
Is there a parallel among diminishing marginal utility in consumption and diminishing returns in productio.
The MorTex organization assembles garments entirely by hand even though a textile machine exists which can assemble garments faster than a human can.
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