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Question: Students are going to Debate on whether learning microeconomic is more important or learning macroeconomic. "Microeconomic is more important" please make specific points and clues about your point. You will need to make sure that your point is persuasive and can convince the other group. Students must research and preparre arguments to participate in the debate effectively, they are required to think on their feet to respond to the opposing side's counterarguments, and they benefit from hearing a range of perspectives on an issue
Assume that an electric power plant could be built in the Upper Peninsula using wood as the fuel and would produce 578 megawatts of electricity. Assume that it would have an efficiency of converting wood energy into electricity of 0.26. Let's assu..
Suppose that Brazil has 180 and Columbia has 120 units of the resource. Which of the following is true for each controls Production Possibilities intercepts?
Draw the market supply and demand curves. What are the efficient price and efficient quantity and show on your graph consumer surplus and producer surplus and calculate the values of consumer surplus and producer surplus.
a statewide sample survey is to be made. first, the state is subdivided into countries. Seven countries are selected at random and further sampling is concentrated on these seven countries.
Explain the difference between perfect and imperfect markets.
In 2003, when music downloading first took off, Universal Music slashed the average price of a CD from $21 to $15. The company expected the price cut to boost.
Can you raise the price by 7% in any of the regional markets? State you conclusion and then show all the steps supporting your conclusion
What can the government do about monopolies? Explain in the context of developing economies like Pakistan.
Calculate the implied arc income elasticity of demand. I =? Given a price elasticity coefficient of -2.5, to what level would price have to be lowered to maintain there sales at a level of 28 million square yards. New Price =?
Uber has recently become an effective competitor to the traditional taxi business. What effect will Uber have on taxi medallion prices and taxi wages?
An energy efficiency project has a first cost of $300,000, a life of 10 years, and no salvage value. Assume that the interest rate is 9%.
Why does GDP accounting only include the final value of goods and services produced? What would be the problem if intermediate products were included?
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