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Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost arising from the physical inputs Marcella required to operate her business. Which is it?
a) physical space for the gallery
b) wages paid to three part-time employees
c) accountants fees for preparing tax returns
d) costs of purchasing art work to sell in the gallery
about the situations when a differentiation strategy is chosen? Provide specific real world examples.
Explain how the government distributes the burden of financing government-supplied goods and services. Identify the top three challenges in the process of distribution and suggest your methods to address these challenges.
Illustrate what is the supply of dollars in the market for foreign-currency exchange. Write down your answer since you will need it to answer the next question.
If GDP increases in nominal terms from $600 billion in 1994 to $663 billion in 1996 and the price index (1992 = 100) rises from 120 to 130, how much real growth (in 1992 dollars) in GDP occurred between 1994 and 1996?
Elucidate why labour force participation rate for two groups might differ. Why might human capital choices differ between selected groups.
The Wall Street Journal's experience after an increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about the price elasticity.
Show the effects of the Fed's contractionary monetary policy by shifting one or both of the curves.
q. 1. patent systems can be worthwhile if induced innovations are important also if the rewards from patents speed them
At a restaurant that does not take reservations, people arriving at 7:30 normally have to wait for an hour, but some people arriving at that time give money to the hostess and are promptly seated.
Under Illustrate what conditions are likely to be internalized without the necessity of government intervention
Identify and talk about at least four companies that you regard as having characteristics listed here. Suppose you bought common stock in each of four companies identified here.
In 2008, the Fed reduced both the discount and federal fund rates dramatically. But bank loan volume didn’t increase. What considerations might have constrained the market’s response to Fed policy?
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