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Question 1: The aggregate supply-aggregate demand diagram assumes the short-run aggregate supply curve is upward sloping (where more is supplied when prices increase) because output prices increase faster than input prices, such as wages. Do you believe wages adjust at the same rate as output prices? How frequently are your wages adjusted?
A motor with a 200-horsepower output is needed in the factory for intermittent use. A Graybar motor costs $7000 and has an electrical efficiency of 89%.
You invest R2400 annually (at the end of each year) for successive years in a savings account at 15% p.a. (interest is compounded per year). At the end of the fifth year you withdraw R6181.72 and the balance is invested at 10% p.a. for 5 years. What ..
Describe significant current trends related to IT in a business setting and your personal life. What are the pros and cons to the increasing use of technology to disseminate information.
What are the pros and cons of globalization and their impact on international companies? Please provide a minimum of 3 examples on each side of the argument
Suppose that the Law of Diminishing Returns sets in immediately (that is, there is no range of output over which the Division of Labor holds).
The demand scheme for the product created by a monopolist. Quantity demanded Price Total revenue Marginal revenue Price elasticity.
Identify at least four key points of a relevant economic article. Explain how the concept that you identified in Question 2 could affect the U.S. economy.
You are an auditor on an engagement. You examine a sample of a 100 items and find five deviations. You calculate an upper deviation of 9.1 percent. What is the allowance for sampling risk?
What's the difference between an Oligarchy and a Monopoly?
Using the accompanying graphs, illustrate the effects of opening up the domestic market to international trade on the domestic price, the domestic quantity purchased, the domestic quantity produced, imports or exports, consumer surplus, producer s..
Create a map of the polarity you have chosen from the simulation. Be sure your poles represent a true polarity and that your cells contain at least two to three items each. Explain the polarity dynamic of your map.
How the country's policies influence its productivity growth? How the country's financial system is related to key macroeconomic variables? How your organization can reduce the risk they would face in relocating?
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