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Market determined economy
Some nations have very different economies. In the absence of market-set prices, how are prices determined for household goods?
The demand for salt is relatively price inelastic where the demand for pretzels is relatively price elastic. How can you best explain why
Suppose that in the market for comic book illustrators the substitution effect dominates the income effect While visiting Comic Con.
When McDonalds Corp reduced its price of the big mac by 75 percent-Using your knowledge of game theory, what do you think disrupted McDonald's plan?
Illustrate what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources.
Your company is considering expanding overseas. It is particulary interested in developing markets, and narrowed its choice down to two countries, A and B.
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
The description of both your environmental also internal scanning process, comprising what factors you considered and why will be in your MS Word file.
Assume that the Fed Reserve adopts an inflation targe of 3% for its monetary policy.
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input? What will happen to the labour demand if price of the output goes up?
If the price of manufactured goods rises to $6 bushel (a rise of 50%), the parity price of corn as well rises by 50% - to $4.50 in this hypothetical example.
In which direction with the substitution effect change the firm's employment and capital stock.
Suppose that the software market currently has one firm operating -Microhard. What contract should be writen between the bank and Newvel?
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