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Situational Analysis
Answer the questions.
1. What economic problems we can enumerate from the present pandemic situation?
2. How is Economic as Applied Science be helpful in a present economic problems?
It is estimated that a certain piece of equipment can save $6,000 per year in labor and material cost. The equipment has an expected life of five years and no salvage value. If the company must earn a 15% annual return on such investments, how much c..
1. If GDP is growing at a rate of 5% per year, in how many years will GDP double? 2. What is the rate of inflation from year 1 to year 2?
(a) Compute the annual depletion on a cost basis. (a) Compute the annual depletion on a percentage basis.
What are your expectations about possible changes in the managerial functions because of practicing remote work.
You are the marketing manager for Herman Miller, the company that sells the Leaf Personal Light in the US. The product was designed by Yves Behar, an entrepreneur and sustainability advocate. It is cool to the touch, has adjustable intensity and cons..
State whether each of the following events will cause a movement along the demand curve for Big Mac or whether it will cause the demand curve for Big Mac to shift? If the demand curve shifts, indicate whether it will shift to the left or to the right..
Briefly explain whether it is possible for firms in a perfectly competitive market to earn zero economic profit even if they have incurred a sunk cost upon entry into the market. Given an example of such a cost.
Consider Solow's model when the production function is Y = 1000K0.3L0.7 . The population growth rate is 2%, ? = 0.1 is the depreciation rate and s = 0.25 is the savings rate.
Illustrate what happens to aggregate output and the price level in each case.
How does a negative externality change the supply and demand equilibrium point? Draw the graph with and without the negative externality and explain what happens to the supply ? ( Counpastion externality )
Using graph, illustrate the effect of an increase of the input price on the production and profit of a one input-one output firm with decreasing return-to-scale technology?
Consider the horizontal quality model on the unit interval from 0 to 1. There are N consumers located uniformly along the interval. There are two firms, with zero marginal costs, initially located at 0 to 1. Consumers will buy one unit of the good fr..
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