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Q. During World War II, both Germany and England had plans for a paper weapon: they each printed the other's currency, with the intention of dropping large quantities by airplane. Why might this have been an effective weapon?
Q. Suppose the demand and supply for chocolate bars is given by the following equations:
Qd= 1600-100PQs= 1400+700P
Find the equilibrium price and equilibrium quantity of chocolate bars.
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
How weight represents the amount of raw materials. Data containing the weight in pounds from a sample of 368 pallets of Bridgetown shingles and 330 pallets of Holetown shingles are contained in Pallet data which can be downloaded from the class web..
Illustrate what is the size of the labor force. Illustrate what is the official unemployment rate.
Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.
Assume that neither country experiences population growth nor technological progress as well as that 5 percent of capital depreciates each year
Domestic produces often base their claim for import protection on the fact that workers in country X are paid substandard t wages.
Elucidate how each of these implications have or have not been utilized in to company.
Explain how does monopolistic competition differ from a) pure competition; b) pure monopoly; c) oligopoly? Explain fully what product differentiation entails.
Elucidate how are the benefits and costs of this tariff distributed among consumers and producers.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
Elucidate how each of the following people would talk about scarcity and trade offs.
Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies. Elucidate what production level are scale economies exhausted.
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