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In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
Next discuss what you did and how you may use this tool in your everyday life.
If w1=.33 and w2 = 0.67 (instead of both of them equaling 0.5) could the same output gap and inflation gap be associated with a different predicted.
Share market all over the world often increase or decrease together. What does a rise in the stock market indicate to you about the level of current and expected growth in the world economy?
Suppose that the economist of Corporation XYZ estimates the following long run cost function for a product M that the company produces and sells. What is the total fixed cost? What is the total variable cost function?
You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. what price and quantity of computers shoul..
Your company charges $60 for a board game it invented and has sold 3,000 copies during the last year. Elasticity for board games is known to equal 3. Use this information to determine a linear and power demand curve.
Discuss how the end of NAFTA might change the ways that Agri-business Strategy is developed and implemented in California, over the next 5 to 10 years.
We observe that the equilibrium price of turkey meatball rises but the equilibrium quantity of beef meatball drops. Assume that turkey meatball and beef meatball are substitutes. Also note that turkey and turkey meatball are two different objects. A ..
Suppose that there are two firms (Firm A and Firm B) in the market for frozen rounded articulate condiments (FRAC). Also assume that the market demand for FRAC is given by P= 15-Q where Q is the total quantity in the market from the two firms. Find t..
Draw the complete consumption-leisure model. Be sure to label completely and correctly. Find the optimal consumption bundle.
The following are hypothetical data for the U.S. balance of payments. Use the data to calculate each of the following:
The Consumer Expenditure Study surveys people about their finances and spending. What is your occupation? What is the amount of your student loan, if any? How would you rate your credit using these categories: excellent, good, fair, poor?
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