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Explain each concept and why it is important. Not APA format. Must be original responses.
1) Difference between microeconomics and macroeconomics (100-300 words)
2) Keynesian and Classical models (100-300 words)
3) Long run & short run aggregate supply (100-300 words)
4) Effects of international trade (100-300 words)
5) How foreign exchange rates are determined (100-300 words)
I. Marginal revenue is the additional revenue from selling one more unit of output. II. A firm will always produce at an output at which marginal revenue is greater than marginal cost, except when it is minimizing its losses.
Airline fares are bigger in summer than in winter. Some railroads charge lower fares during week than on weekends. Electric firms charge customers lower rates the more electricity they use.
But in the off-season, when the kids are back at school, one can find rooms for as little as $60 a night. Assume the average fixed cost of a room per night, including local government rates, insurance, taxes and depreciation, is $75.
Find the expected EUAW from the cost data provided in the table below for an equipment being considered at John Case Inc. in Dickson, Tennessee. Because of the uncertainty of technology being used in this equipment, it has not been possible to get th..
suppose that an oligopolistically competitive restaurant is currently serving 230 meals per day the output where mrmc.
According to the general utility formulas, the marginal utility of a good divided by the price of that good is
What exactly is your product and how is it different from other similar products - Where will you sell your product?
you are considering an investment that will enable you to produce a new product. your market research has indicated
A local cable company, the sole provider of cable television service, is regulated by the municipal government. The owner of the company claims that she is normally opposed to regulation by government, but asserts that regulation is necessary beca..
1 a newspaper recently lowered its price from 3 to 1. as it did the number of newspapers sold increased from 240000 to
why can the distinction between fixed costs and variable costs be made in the short run? classify the following as
The probability of getting ill is 25%. The utility function is U(W)= 3.2W ; U(W)=W2 , where W=wealth; log= logarithm base 10. Compute the expected wealth, expected utility (use up to 4 decimal places) and expected loss.
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