Q1 relate opportunity costs to why profits encourage entry

Assignment Help Business Economics

Reference no: EM13355216

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 9,873 118
1999 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?

Reference no: EM13355216

Questions Cloud

Q1 why does a reduction in taxes have a smaller multiplier : q1. why does a reduction in taxes have a smaller multiplier effect than an increase in government spending of an equal

Qthe average wage in a particular country assumedly is : q.the average wage in a particular country assumedly is 35752. assume a researcher selected a simple random sample of

Q1 kieso company borrowed 710000 on a 120-day note at 14 : q1. kieso company borrowed 710000 on a 120-day note at 14 percent interest. the money was borrowed for 45 days in 2011

Q1 explain how meeting-competition clauses may serve as an : q1. explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of

Q1 relate opportunity costs to why profits encourage entry : q1. relate opportunity costs to why profits encourage entry into purely competitive industries and explain how losses

Qmotorolas iridium a go-anywhere mobile phone system that : q.motorolas iridium a go-anywhere mobile phone system that beamed signals down from 66 satellites was called the 8th

Q1 explain how does a country become an importer of a good : q1. explain how does a country become an importer of a good? an exporter of a good? illustrate what is a tariff?

Q1 ibm should never sell its product for less than it : q1. ibm should never sell its product for less than it expenses to produce. if costs to produce is interpreted to mean

Q1 a discount store has a special offer on dvd players and : q1. a discount store has a special offer on dvd players and lowers their price from 150 to 100. assume the store

User Account

All Pages