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Q. Elucidate which of the subsequent industries most closely approximates pure competition?
Q. Worker is a resource that is necessary to manufacture so many goods. "If the cost of worker falls," says the economist, "the costs of goods will soon follow." How does this work?
Q. It is a hot day also Bert is thirsty. Here is value he places on a bottle of water: Value of the 1st bottle $7 Value of the second bottle $5 Value of the third bottle $3 Value of the fourth bottle $1
Russian farmers, again, have a poor crop. Their government has announced that they will not ban exports. Discuss the impact on domestic and world prices, consumers and producers the effects of the Russian government's decision.
Suppose you consume nothing but goods X and Y. We have two years.
Bud has very limited store space and has decided to limit his product line to one brand of beer, choosing to forego the snack food lines that normally accompany his business.
if the demand for labor is elastic because the demand for labor will decrease more when you have elastic demand than if demand were inelastic.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
The college has annual fixed costs of $10 million, also the variable cost for every additional student is $5,000.
What is the difference between the index number for the year you were born and the Consumer Price Index for January of 2012.
Illustrate what might a more proactive Motorola have done dissimilarly had it correctly perceived the steps its rival Nokia would take.
Suppose the interest rate lowered to 3.75%. What would be the market price of the bond.
The equilibrium price of coffee mugs rose sharply last month, but the equilibrium quantity was the same as ever.
Why might leasing a new Porsche be good investment for an aspiring Hollywood film producer, even though, he can't easily afford the monthly payments.
Find a current article about one or more of the macro variables for a nation of your choosing, such as GDP, employment, inflation, or international trade.
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