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The shape of the short-run aggregate supply (SAS) curve reflects two different types of microeconomic markets (auction markets and the posted price markets). How is the price level linked to the level of output in each market? List five factors that might cause an upward shift of the SAS curve.
Can you see why, if price is set by the market, and the firm's marginal cost curve slopes up as a function of quantity, this rule tells the firm which quantity to produce in order to maximize profits. What is the shutdown rule for a perfectly compe..
there is persistent fear that there will be a high level of deflation. many economists warn that it may be worse for
Directions: Please write a (min.) one page, single spaced (handwritten) or double spaced (typed, 12pt font), report. Use the current information and the goals given to you in the scenario along with all of the tools available for monetary and fisc..
What would you decide between developmental agency assistance or private investment, such as FDI from multinational corporations?
Describe the economic principles that company executives should consider when developing a strategy or strategies that will maximize profits while minimizing incentives for competitors to develop competing products.
Suppose that you are a government official in charge of your country's fiscal policy. The country maintains a flexible exchange rate system. You are asked by your country's citizens to use fiscal policy alone to expand the country's..
Illustrate what is a fixed exchange rate system. Discuss whether it is basically good or bad, and explain.
Elastic with respect to its own cost and whether Good Y is a substitute or a complement with respect to Good X.
"When the firms in a perfectly competitive industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand falls, causing prices to go down even a little bit, all of the firms in the industry will immediately s..
Define the cyclically budget, explain it significance, and state why is may differ from the actual budget
Create the application and/or a web site for a business (choice is yours). You must use at least three (3) programming techniques discussed in this class. Should be database driven with at least 25 products/items/records. Data should be able to be b..
Examine "25 EssentialEntrepreneur Resources," located athttp://www.entrepreneur.com/article/219967, and "TheEntrepreneursHandbook: 52 Essential Resources forStartups,.
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