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Question 1
The earthquake in japan did considerable damage to the sake wine industry and the nations supply of wine decreased as a result. the stress of the earthquake increased the demand for sake and other alcoholic beverages. Use the graphical method to analyse how the change in demand and supply affected the equilibrium quantity and price of sake.
Question 2
Imagine a firm which is the only producer of telecommunications in an economy.
Consider the market demand for a given good. If ED= -2.5 at the current market price, then a 1 percent decrease in price will result in a:
Let's assume production is given by Yt=AK^(1/3)L^(2/3). Capital stock has reached its steady state at K= 1000 and A= 3/2. Assume there are no frictions/rigidities unless otherwise stated. What does our long-run model say the level of unemployment (U..
How old are you in your mental outlook on life? Physically? Chronologically? Also, take some time to look outside yourself and observe others around you. How old are your parents in each of these categories?
Explain Cournot competition. Illustrate and explain strategic substition. Illusrate and discuss the operation of the Cournot model as it relates to the empirical evidence regarding 1) price markups over marginal cost and the number of competitors and..
What is the probable effect of each of the following on the exchange rate of a country, other things being equal? More domestic oil is discovered and developed. Which two of these do you think would have the greatest impact on the exchange rate?
"Discuss whether economies of scale have any relevance to such companies as Wal-Mart." Can someone helps me with this forum, needs to be 250 words and cite the reference as it will be submitted to turnitin.
in managerial economics applications strategy and tactics if contract promises were not excused because of acts of war
q.many developing countries in the global south turned to socialism in the past as a means to solve their economic
Stealth bank has deposits of $350 million. It holds reserves of $30 million and government bonds worth $70 million. If the bank sells its loans at market value of $400 million, what will its total assets equal? $500 million $750 million $450 million ..
Olivia knows that Popeye likes spinach as much as $3 in terms of money, he likes tobacco $1 in terms of money, and he dislikes potatoes as much as if he had to pay.
An oligopoist is correctly charging a price of $100 and is selling 400 units of output per day. If the firm increases price above $100, the demand curve is P=110 - 0.025Q. If the firm reduces price below $100, the demand curve becomes P=140 - 0.1Q. I..
Use supply and demand diagram(s) to demonstrate whether the following statement is true or false and provide an explanation.
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