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Select a good or service in which you are familiar. What are the factors that affect the supply and demand of that good or service? How do you expect the demand and supply of that good or service to change in the next year? Explain your answer.
Illustrate what is the firm's profit maximizing output level. Is the industry in long-run equilibrium.
Illustrate what is the equilibrium cost of a car stereo also illustrate what is the equilibrium quantity of car stereos per day.
Justify your answer using at least two analytical techniques and presenting the information graphically.
Law of demand does not hold since attendance at the major league parks has dropped while at the same time ticket prices have fallen.
You are being given data on supply also demand for the whole marketplace also are being asked illustrate what effect that has on you as a small part of that marketplace.
Fully explain your answer in a way that shows your understanding of monopolies. Your paper should be two to three double-spaced pages and formatted according to APA style as outlined in the Ashford Writing Center.
Explain how do economists distinguish between the absolute and relative sizes of the public debt. Why is the distinction important.
The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units
Explain why is the index of industrial production an appropriate coincident indicator. Why is the average prime rate charged by banks an appropriate lagging indicator.
The national economy has been in a slump for several years, but recent signs of strength in much of the economy have led many forecasters to conclude that an expansion could finally be in the offing.
Illustrate what was the growth rate of nominal GDP between 1996 also 1997. Why do economists use real GDP per capita to measure the economic progress.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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