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How does utility affect economic decisions?
If the consumer is rational, how can utility affect their economic decisions? Does utility lead to more or less customer satisfaction?
Brokers incurred $450,000 out of expenses as well as will give 21,000,000 of the persue to the small firm they are underwriting
What might be included in the "total cost" of acquiring and watching movie on DVD? What about the "total cost" of seeing a movie at the multiplex?
Explain how many popsicles will be sold every day in the short run if the price rises to $2 each. In the long run, if the price rises to $2 each.
Illustrate What would happen if prices were lowered when demand was inelastic
Assume the economy is slumping into recession and needs a fiscal policy boost.
Compute the path of the economy, that is , calculate real GDP, the price level, the inflation rate and real money stock for each year until GDP I swithin 1% of the potential. (limit calculated values to 10 decimals points)
Assume the supply for good x is estimated. Is good x storable. Explain it numerically the data you are using to suppor answer.
For a perfectly competitive firm the price is $2 per unit. At this price the firm is producing and selling 10,000 units. It costs $1.50 to produce the last unit. Should the firm produce more? Less? Why?
The CEO of a major automaker overheard one of its division managers make the following statement regarding the firms's production plans:
Explain how does the Federal Reserve accomplish these goals.
U.S. industry responded to the undeserved domestic leisure travel market that existed in the early 1900s with a second wave of low cost carriers (LLCs)
Elucidate what is the difference among real GDP and nominal GDP.
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