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Q1. Classify the equilibrium price.
What would happen if suppliers charge less than the equilibrium price for your good or service? What happens if they charge more? Include surplus and shortage in your responses.
Q2. How does having a menu that is uniform around the country provide McDonald's with economies of scale? How is menu planning made more complex by expanding into other countries?
When government becomes heavily involved in tax-transfer activities, how will this involvement affect economic efficiency.
This means that an individual firm's marginal cost is given by MC = 4q.Also, the market demand is given by how much output will each of them produce?
1. contrast the ideas of nominal gdp also real gdp. explain why there is one more reliable than the other for comparing
How does this policy affect the total quantity of investment? The quantity of business investment? The quantity of residential investment?
show the effects of an increase in the Chinese purchases of U.S. Treasury bonds. How do these purchases affect the value of the dollar and of the yuan?
Suppose the demand curve for a monopolist is q=500-p, and the marginal revenue function is mr=500-2q. The monopolist has a constant marginal and average total cost of $50 per unit. Elucidate what is the lerner index for this industry.
The manager of a corporate division faces the posibility of an audit every year. She prefers to spend time preparing if she will be audited; otherwise, she would prefer to invest her time elsewhere.
q1. if michael has 48 to spend on cola and pretzels what combination should he purchase in order to maximize his
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat."
q.you are the owner of a fast food restaurant. given a new item that you recently advertised you experience additional
Using the Internet, library and/or other resources, research and briefly elucidate methods currently being used to encourage economic growth for the typical firm in Hong Kong and for the typical firm in Singapore.
Discuss what will happen in this market as it moves to a new equilibrium. If a hard freeze eliminates Brazil's premium coffee crop, what will happen to the price of premium coffee.
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