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Pick a currect topic in micro economics from any website,magzines,newspapers, related to demand and supply price, price determination. Summarize what you have understood and tell the effects on demand and suppy. please include the graph. give the reference of the topic.
Given: CPI in 1988 = 116.9 and CPI in 2013 = 234.3. If the starting salary for a new MBA in 1988 was $48,000, what amount in 2013 would that be equivalent to in real terms?
Suppose a handbill publisher can buy a new duplicating machine for $2000 and the duplicator has a 1-year life. The machine is expected to contribute $2200 to the year’s net revenue. What is the expected rate of return?
Which of the following were provisions of the Monetary Control Act of 1980? Check all that apply.
q1. qd 8000 - 16p 1.75 m 30 pgifm 30000 also pg 50illustrate what is the constant term if the equation for the
Calculate the percentage growth rate in real GNP per capita in each of the years 1996 through 2002 from the previous year, using the definition of growth rate.
Suppose Icecream company has gained exclusive rights to sell Icecream in State College. The demand for Icecream is Q = 3000 − 60P. The total cost of producing Icecream is C(Q) = 6Q for Q orders of the drug. What is the marginal cost function for Icec..
What do you think about the Supply-Siders ideas? Do you think supply side policy could fix the economy? Describe how Supply Siders want to use policy tools and how it would work. P.S. If you previously said that you thought another school of thought ..
The Patient Protection and Affordable Care Act limits the extent to which insurers may consider age in establishing rates. The results are higher premiums for the younger insured and lower premiums for the older insured.
Suppose product demand is given by the column labeled D1. If the wage rate rises from $100 to $130, the firm will reduce the quantity of labor employed by _____ unit(s) Compared to an otherwise identical competitive firm, a firm with monopoly power w..
Suppose the economy is initially in short run equilibrium at a level of output above the natural rate. Use the IS-LM model to graphically show how the levels of income and interest rates change as the economy returns to the natural rate of output in ..
The free market economy is an efficient way to allocate resources. However, this is not true 100% of the time. The government serves a role to intervene when maintaining competition and a legal structure. Also, goods and services that are not compete..
According to the law of increasing opportunity costs,
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