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Q. Assumptions make the world easier to understand because they simplify reality and focus our attention?
Q. Which of the following statements is true?
Choose one answer.
a. The concept of equilibrium requires that all individuals have an equal amount of income.
b. If equilibrium in a market exists, then the price in that market will not fluctuate by more than 5%.
c. If equilibrium in a market exists, then there will be no remaining opportunities for individuals to make themselves better off.
d. Equilibrium in a market will exist when the number of buyers is equal to the number of sellers.
Do current politicians use to manage and influence to get reelected. Is this a "valid" use of political power.
If these are the only two firms supplying gadgets, elucidate the elasticity of supply in the market for gadgets.
Illustrate what is the minimum product price at which the firm will operate in the short-run. Elucidate how many workers should the firm employ to maximize profits.
A company currently sells 60,00 units a month at $10 every unit. The variable cost every unit is $6. The company decided to raise the price about 10%.
illustrate the effect of capital information by comparing the prodution possibitity curves, at the present time and ten years in the future, for two economie, one with a high and the other with a low rate of capital formation.
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
Tax Freedom Day answers the basic question, Illustrate what cost is the nation paying for government.
Elucidate what would be according to your opinion the right mix of monetary and fiscal policies for years 2011-2012. Elucidate what would be according to your opinion the appropriate structure of your investment portfolio.
A local restaurateur whose trade had been profitable for many years recently purchased a liquor license, giving her a legal right to sell beer.
Illustrate what is the maximum price of capital at which the firm will still make nonnegative profits.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Illustrate distinguish between the functional distribution and personal distribution of income.
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