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Describe the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.
Discuss at least two costs and two benefits of increasing the minimum wage. Should the minimum wage be increased?
Assume the Fed decides to buy $1 billion in Treasury bonds from the public. Suppose that the reserve requirement is 10%. What takes place to the interest rate and money supply?
What are the various methods of inventory valuation? Explain the effect of inventory valuation methods on profit during inflation. What are the provisions of Accounting Standard 2 (AS-2) with regards to inventory valuation?
Developing countries in the "Global South" turned to socialism in the past as a means to solve their economic problems.
Define the term Consumer surplus, Gien good and Income elasticity of demand using graph and equation.
A hypothetical study examines the operations of a couple of hundreds medical clinics, with the data for amount of expenses for new medical equipment relative to total expenses in particular year(s), and the amount of revenue per physician in subse..
MICROECONOMICS
In the absence of a quota, what is the equation for the total supply of wine? Show your work - what are the equilibrium price and quantity of wine? Show your work.
The market is created by demand and supply of products in the economy. Describe the law of demand. Explain a situation in your life where you noticed this law at work.
Does it make sense to hold sleep, work, and leisure fixed while changing study? Why or why not? Explain why this model violates the assumption of no perfect collinearity.
Examine the factors that determine the price of computers in a free market.
How much total utility does the consumer receive
Consider two firms X and Y that produce identically tasting cold drinks. In order to raise the demand for its cold drink, firm X raise its advertisement outlay.
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