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Explain utility, total utility and marginal utility and the differences between them. Include examples.
1. Explain with examples the law of demand and the demand curve.
2. Explain “the rational consumer, marginal utility and price.
3. With examples explain the difference between elastic and inelastic demand possible examples-beer and cigarettes
4. With examples explain how elasticity of demand affects total revenue.
The deficit is the sum of yearly government debts. If the macroeconomic equilibrium is above the full employment equilibrium, the economy is in an inflationary situation. Autonomous consumption changes with the amount of a household’s income. Contrac..
Which of the following is not an example of a "lag" that diminishes the potential impact of fiscal policy?
Why do governments raise taxes on cigarettes and alcohol to raise government revenues? What changes do you make to your demand for gasoline when the prices start to climb up? Would you want to own a business that sells price-elastic products or price..
Manufacturer A is starting to make Gismos at an initial production cost of $95 for the first unit and has been lowering the cost with a learning rate of 79 percent. Manufacturer B also started this year with an initial production cost of $288/unit wi..
Elucidate five specific actions which can be expected to cause the equilibrium of ice cream to increase.
q1. one proposal to slow the growth in consumption of fossil fuels is the imposition of higher taxes. how would that
Among which of the following could not bar entry into an industry. Firms prevent collusion among firms regulate natural monopolies correct the outcomes of positive and negative externalities in private markets.
Explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of cartels.
When the price of an input decreases, the output effect (or real purchasing power effect) only predicts that, all else remaining constant,.... When the price of an input decreases, the substitution effect predicts that, all else remaining constant,....
Also during first year, cookie business made monetary outlays of $9,000. You may assume that re is no opportunity cost to Zach's time. What is economic profit and accounting profit.
Need Stage 2 paper - Business Process Analysis. Need APA format paper that is 3-4 pages with 2 references cited.Before you begin this assignment, be sure you:1. Have completed all previously assigned readings, particularly those assigned in Week 2..
In national income accounting, an investment is regarded as. Conclude the probability that the annual net cash flows will be negative.
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