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A newly established Internet Cafe is seeing to expand its operations. What would happen if the predict to open 208 stores each year is wrong? What would happen to the costs if the growth rate was half as much as expected? This does not need to be a detailed economic analysis.
Illustrtae what are the total fixed costs - total variable costs, and total cost of the lab given its current capacity.
Find information on GDP and its components and calculate the percentage of GDP for the following components for 1950, 1980 and 2005:
Illustrtyae what policies we should follow in resource allocation for health.
Assume the utility function is not the square root of income but instead, utility is linear in income.
Elucidate measures the fed should take to reduce the unemployment rate and expand the economy.
Assume that you are the chief economic advisor to the president of the U.S..
The Big Black Bird Company (BBBC) has a great order for special plastic lined military uniforms to be used in an urgent military operation.
What is the equilibrium price of a box. Is this the long-run equilibrium price. Expalin how many firms are in this industry when it is in long-run equilibrium.
Estimation of sales from multiple regression models - figuring out the own price elasticity of demand and cross price elasticity of demand - the relevant business decision to increase the total revenue.
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
Elucidate the tradeoff among current consumption and savings and how this impacts economic growth.
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent. Draw the new short-run Phillips Curve.
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