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Assume that you lin a simple economy in which oly tree goods are produced and traded fish , fruit and meat. Suppose that on Jan 1, 2007 fish sold for 2.50per pound, meat was 3.00 per pound, and fruit was 1.50 per pound. at te encc of te you discover that the catch was low and that fish prices had increased to 5.00 per pound but fruit price stayed at 1.50 and meat prices had actually fallen to 2.00 can you say what happened to the overall price level. Explain how might you construct a measure of the change in the price level.
what happens to the amount of debt held by the public. What would happens to the level of gross debt.
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Two friends Diane also Sam own also run a bar. Diane tends bar on Monday Wednesday also Friday also receives wage in addition to tips.
Explain how do acts of intellectual piracy hurt American companies.
Complete the columns for to conclude the profit maximizing output for this firm. Draw the relevant graph to show the profit maximizing output.
Explain what percentage change in the price of each of the three goods. Using a method similar to the consumer price index, compute the percentage change in the overall price level.
Assume to a program is implemented that guarantees college tuition assistance to students maintaining a minimum GPA standard.
A firm with a U-shaped average cost curve finds that its costs exceed its revenues when it sets price equal to marginal cost.
B involves the polluters in each region independently negotiating pollution deductions, assuming the other region is not undertaking pollution reduction.
Compute the new equilibrium wage and the new number of jobs. Will the number of jobs increase or decrease.
In the 21st century Explain how has globalization affected trade restrictions also the development of common markets
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