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Q. 1. Briefly summarize the Ingredients (determinants) of Economic Growth.
2. What phase of the business cycle is the U.S. economy experiencing at this time (Fall, 2012)?
3. Explain the difference between a person's nominal income and their real income. Why is real income more important to that person?
4. What is the current (September 2012) rate of unemployment in the U.S.?
5. What has been the percentage change in the CPI over the past 12 months?
Describe each country's reaction function. Does a Cournot equilibrium exist? If so, find the outputs and prices of crude oil in the two countries.
Compute cumulative benefits per stage Compute cumulative patients per stage Graph the cumulative benefits curve Which variable represents marginal benefits per stage? C
You are running a company that is owned by stockholders. Your goal is to maximize shareholder value. Explain how each of the following events is likely to affect shareholder value and identify uncertainties related to their effects.
The output, revenue, and profits for a firm under bad times for a firm in isolation and in a pooled labor market. b) the output, revenue, and profits for a firm under good times for a firm in isolation and in a pooled labor market.
The payoff matrix of economic profits above displays the possible outcomes for Bob and Jane who are involved in game of whether or not to advertise.
She can charge different prices in the two markets. Illustrate what is the profit-maximizing combination of quantities for this monopolist.
Explain how might spending of Asians on American goods be affected. What about Americans who have invested in these countries.
Calculate the trade balance among the U.S. also China for the period. Analysis by using appropriate examples.
Illustrate wage would a monopoly union demand. Explain how many workers would be employed under the union contract.
How cost variance calculated? What does it mean when it's negative? What does it mean when it's positive? When evaluating a work package with a negative cost variance.
Illustrate what is the relationship among a firm's total income, profit also total cost?
Briefly state basic characteristics of pure competition, pure monopoly, monopolistic competition and oligopoly. Under which of se market classifications does each of following most accurately fit.
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