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1. Is inflation: High, Moderate, or Low?
2. Is unemployment: High, Moderate or Low; what is the unemployment rate?
3. Are interest rates: High, Moderate, or Low?
4. Is the economy in: Growth, Stagnation, or Recession?
5. When was our most recent past recession and what caused it?
6. What one individual has the most influence over our economy and what is that person's name?
Assume there is a duopoly with the following demand equations Q1=30-P1+P2 and Q2=30-P2+P1. Marginal cost are given as MC1=6, MC2=0. Calculate the Bertrand solution. What are the reaction curves?
Consider a monopolistic firm that can produce any quantity of its product at a constant marginal cost equal to $20,000 and a fixed cost of $10 billion. Its products could be sold in two different markets: Europe and U.S.. What quantity should the fir..
illustrate what is the change in Clean-Springs' profit-maximizing levels of output, price and profit. Explain in words and with graph.
explain and categorize the cost of inflation. Because of inflation has risen, the L.L Bean Company decides to issue a new catalog quarterly rather than annually.
Discuss some of the decisions that you must make in the short run and what might you consider to be your "fixed factor"
Using the same product example above, analyzing how the risk tolerance factors play in supplying the good or service and how this should influence management’s decisions.
What is minimum-cost blend that will meet quality standards and provide 1000 pounds of blended coffee product. What is cost per pound for coffee blend. Determine aroma and taste ratings for coffee blend.
An economy is initially at the natural level of output. There is an increase in government spending. Use the ISLM model to illustrate both the short-run and long-run impact of this policy change. Be sure to label: i. the axes; ii. the curves; iii. th..
In your opinion, are the resources you devote to your education a form of consumption or a form of investment.
What are the price-quantity effects of this tariff on domestic consumers, domestic producers and foreign exporters. Explain how would the effect of a quota that creates the same amount of imports differ.
If she has invested in a stock fund that averaged a 15% rate of return over that period, and she expects to make the same annual investment and get the same performance in the future.
Amelia buys coffee for $1 per cup and tea for 50¢ per cup; every day she drinks 1 cup of coffee and 2 cups of tea. Bernard buys coffee for 50¢ per cup and tea for $1 per cup; every day he drinks 2 cups of coffee and 1 cup of tea. Can you determine wh..
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