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Solution to "Economics" question
Economic indicators are economic statistics that tell us how well the economy is doing. The GDP, unemployment rate, and inflation rate are the most common macroeconomic indicators. The change in the GDP tells us whether the economy is in an expansion or recession. GDP is the total value of all final goods and services produced in within a country in a given year.
1. Do you think the GDP is a good indicator of economic well-being?
2. What other factors do you think contribute to a good standard of living?
Explain how would you interpret the slope coefficient also illustrate what is the rate for the period under study.
Explain why do people who work at investment banks earn so much. What is the justification for capital requirements imposed by bank regulators.
Illustrate what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these costs.
What does the firm have a profit maximising plan in the long run. If no, explain why. If yes, is the plan unique.
Illustrate a supply or demand curve shift for the following article. The price of oil fell on Monday, January 12, 2009 as the weak economy has undermined oil demand. Light, sweet crude for February delivery fell $3.24 or 7.9%, to $37.59 a barrel.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
Calculate the cash flows at the end of each trading day and compute your total profit or loss at the end of the trading period.
Discuss the impact on wages, employment in the industry, and the economic welfare of the following input market structures. In which case will the deadweight loss be the smallest?
Use the expenditure approach to comput GDP. Use the income approach to calculate GDP.
Explain carefully in terms of production theory why it might be that no amount of "cracking down" can increase worker productivity at CF&D.
Illustrate what happens to the supply curve and the equilibrium point when a new technology improves a production process.
Illustrate graphically the impact in the short run and the long run of a Federal Reserve decision to increase open-market purchases.
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