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Explain how scarcity affects the following decision-makers: The president of the United States A business executive A city manager The mother of a baby Explain how the choices made between governments’ spending of taxpayer money or taxpayers spending that money themselves, affect the allocation of society's resources. Give reasons.
Elucidate in which country is an expansionary monetary policy likely to have a larger effect on aggregate output. Explain your answer using aggregate supply and aggregate demand curves.
alculate the correlation coefficient. If Hammer selects a pair of pants at random, what is the expected price? What is the variance of the price?
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
The world becomes a single market, some new approach must be developed to control the reach of the corporate oligopolies.
Since education yields private market returns, which are fully captured by the person who makes the investment, the market will provide the optimal level of education and the govern- ment should not intervene.
Derive the simple bid-rent function for a model with only firms. Illustrate what factors can cause the city to grow larger.
Elucidate the effects of an increase in business investment on the short-run macroeconomic equilibrium.
What effect wills an increase in interest rates have on supply and/or demand of unskilled labour. Would wage rates increase or decrease.
How much profit does each firm earn. Ignoring antitrust considerations, would it be profitable for your firm to merge with Fasten It If not, explain why not; if so, put together an offer that would permit you to profitably complete merger.
Illustrate what impact on quantity demanded and supplied for new cars will be as a result. Used demand and supply diagram and clear explanation.
Provide an example of a specific industry that you believe fits the model also elucidate your rationale.
what is Marginal Analysis and why Is Marginal Analysis Important in Economics? (c) What is the role of Marginal analysis?
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