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(a) Explain the differences between accounting profit, economic profit and normal profit.
(b) Suppose that due to changing tastes there is a sudden increase in demand for emu meat.
(i) Assuming the costs of emu meat production remain unchanged, what would you expect to happen to profits in the emu meat industry?
(ii) Assuming that there are low barriers to entry into the emu meat industry, explain why resources would move into this industry?mm
(iii) In the long run, what would you expect to happen to profits in this industry?
(iv) Will normal profits occur in this industry in the long run? If so, explain why?
Why does the aggregate demand curve slope downward?Give at least three reasons and examples when addressing thisquestion. Identify an event that would shift the AD curve and whichdirection the AD curve will shift.
A. derive the supply schedule from the following supply function: QS=10P B. Derive the supply schedule from the following supply function; QS' = 20 + 10P C. On the same graph, plot the supply schedule of part A and label it S and the supply curve of ..
What does Friedman believe about expansionary monetary policy? Do you think Keynesian economists would agree?.
Elucidate how an attempt by the government to lower inflation could cause unemployment.
Evaluate the individuals on your learning team, including yourself, based on the personality assessments. Evaluate the situation described above in terms of urgency, culture, and so forth. Determine leadership approaches to be used, based on individ..
What is usually the relationship between a bond’s rating and the interest rate a company pays to buyers. the rating is the same as the rate or else.
This product, called Red Hat Linux, is a potential replacement for UNIX and other well-known operating systems. If you were in charge of pricing at Red Hat, what strategy would you pursue? Explain.
Which is a real life example of a market that is close to perfect competition. computer monopoly, an oil and gas cartel or else.
How does the concept of economic calculation differ from dealing with the agent-principal problem? Explain.
While many thought that 2008 fiscal stimulus plan explained in the feature on pg. 174 was a good idea, some did not. Some even think that Congress did not go far enough.
Explain how does the state of the economy affect federal budget. Explain how can macroeconomic variables inter-relate to each other.
What considerations should be made when designing a DNS namespace for a large enterprise? What are the different types of DNS zones?
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