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You have been hired by a new firm selling electronic dog feeders. Your client has asked you to gather some data on the supply and demand for the feeder, which is given below, and address several questions regarding the supply and demand for these feeders. Price/Feeder Quantity Demanded Quantity Supplied price/feeder Quantity Demanded Quantity supplied $300 500 1800 270 600 1700 240 7000 1600 210 8000 1500 180 1000 1400 150 1100 1300 120 1200 1200 90 1300 1100 60 1400 1000 30 1500 900 10 1600 800 Your client has asked that you develop a report addressing the following questions so that you can present these findings to their Board of Directors: Construct a graph showing supply and demand in the electronic dog feeder market, using Microsoft Excel.
Consider the following Solow model of growth. Both population and work force grow at the rate of n=1% per year in a closed economy.
Which interest rate represents the opportunity cost of holding money - the real or the nominal interest rate? Explain and argue intuitively why the nominal interest rate (eg, the yield on a riskless bond) cannot fall below zero.
Use the following information for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers firm will employ to maximize profits.
Illustrate what are the most important concepts you can learn in Economic Theory classes. How can you apply them to your life. What difference can these concepts make in your everyday life.
Carefully describe and show graphically how each of following changes would effect the shape of the IS curve:
Proponents of trade liberalization which freer trade might actually improve the quality of the environment.
Illustrate what policies have been proposed or implemented to address the problem your describe.
Illustrate what fiscal policies are needed to fight unemployment
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Assume you have an industry with 20 firms and the CR is 30 percent. How would I describe this industry?
The cost of digital cameras calls. What happens to the demand for memory card. What happens to the demand for digital cameras.
Do corporate managers always act in the best interest of shareholders Explain. Research and present one CEO (Chief Executive Officer) pay package. Does this CEO earn more money if the company performs well? What penalty does the CEO receive.
Describe free trade harm the environment. Environmentalists argue that trade liberalization harms the environment.
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