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Q1. Relate opportunity costs to why profits encourage entry into purely competitive industries and explain how losses encourage exit from purely competitive industries?
Q2. Consider the following data on U.S. GDP:
Year Nominal GDP GDP Deflator( in billions) (BASE YEAR 1996)2000 9,873 1181999 9,269 113
a) Illustrate what was the growth rate of nominal GDP between 1999 & 2000(Note: The growth rate is the percentage change from one period to the next.)
b) Illustrate what was the growth rate of the GDP deflator between 1999 & 2000
c) Illustrate what was real GDP in 1999 measured in 1996 prices?
Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.
A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place.
If Sammy refuses to contribute to the butterfly garden, he'll not be able to enjoy its benefits if it is built.
Under oligopoly, if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
Old Economy Traders opened an account to short sell 1,300 shares of Internet Dreams at $46 per share
Suppose that the government imposed a $1 tax each time someone used an ATM.
Required all pharmaceutical firms to sell their drugs in a competitive market with no ability to patent their break.
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
If the nominal exchange rate were 1.2 Canadian dollars per U. S. dollar, illustrate what would be the real exchange rate.
Using this demand function, find the total revenue function. What is the shape of the total revenue function.
While the population variances are unknown, we will assume they are equal.
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
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