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Question A. Explain ANY THREE ways in which businesses deal with uncertainty.
Question B Explain ANY TWO dimensions of the business environment
Question c. What is the difference between the short run and long run for a typical firm?
Demand curve is P=-Q+90 and the supply curve is P=0.5Q. Find equilibrium price and quantity. What’s the level of total expenditure in the market? What’s the price elasticity of demand at the equilibrium?
The price elasticity of demand for imported mineral water is estimated to be ?0.20 over a wide interval of prices. The federal government decides to raise the import tariff on foreign mineral water, causing its price to rise by 20 percent. What is th..
Which of the following is an example of Stackelberg competition? GlaxoSmithKline and Pfizer compete in the HIV drug market by annually announcing their production quotas during the second week of January. Natura Pet Products introduced the first grai..
According Harvard business professor Michael Porter, which of the following is NOT a viable strategy to achieve competitive advantage? According to Maslow, which need is the highest human motivational priority? The market is largest and competition i..
A _____ shows the relationship between one firm's profit-maximizing output as a function of the output of a rival firm in a duopoly market.
Analyze how economic growth is measured to determine which factor is the most difficult to measure accurately.
In the simple income-expenditure model with no taxes, government spending or foreign trade, if the marginal propensity to consume equals 0.9, the multiplier equals?
Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..
XYZ Company is aware that macroeconomics plays a general role in its organization’s success. Top-level management has asked you to conduct research, and then write a report on specifically what role it should play in its overall success. Management h..
Draw a production possibilities curve for the pleasure you get between hanging with friends and from doing your Economics problem set.
Show the changes in the demand for tourism as income of a tourist grows when tourism is perceived to be, (a)normal good, (b)superior good, and(c) inferior good. Analyse the demand for tourism overtime using intertemporal analysis.
Describe in details the steps the RBA must undertake to implement the expansionary monetary policy
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