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Tightening of fiscal policy
Using your own employment experiences (and be sure to identify the sector in question), how would you relate the hiring practices of that industry or industries to fluctuations in the business cycle? What impact does a tightening of fiscal policy have on your industry in general?
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input? What will happen to the labour demand if price of the output goes up?
Express the effects of government economic policies which could have on the sales of the Escalade
Assume the growth rate of the software company and the interest rate are both constant and the software company will be business for years to come.
Find the equation of the new demand curve for Chevrolets. What is the relationship between D C and D' C ? What explains this relationship?
Explain the principles of microeconomics apply to other country. Describe any differences or special situations.
Early Classical economists found the subsiquent diamond/water paradox perplexing.
Suppose the emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . What quantity of output will the firm produce.
Elucidate the roles of government bodies which determine national fiscal policies.
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic? Explain law of demand with the help of a demand schedule and demand curve.
Illustrtae what are the primary advantages and disadvantages of acquiring inputs through this means? Give an example that uses this method of procurement.
Show the first and second order condition for profit maximization. Illustrate what is the price elasticity of demand faced by this monopolist.
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