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What is one of the major problems caused by a large national debt? It does not allow small investments by private individuals. It makes it hard for the government to carry on activities. It makes it difficult for the country to operate internationally. It decreases the amount of money available to be borrowed by businesses.
What sort of shift in supply or demand would result in a market equilibrium with higher prices but lower sales volume? A shift inward in supply could lead to an equilibrium with higher prices but lower volumes. What might cause such a shift?
Explain should they stay in business for three months or should they close down right now.
When the demand line is perfectly elastic, there is no deadweight loss after taxation and firms must not operate if the market price is less than ‘break-even' price.
Discuss the so called fiscal cliff and the expected impact for the State of Mississippi and the Mississippi Delta.
Explain for economic concepts that you consider important. Justify your answer?Explain the importance of elasticity as a analytical tool for macroeconomic analysis?
You're the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees.
You have the alternative of leasing an asset for $100,000 a year, with payments to be made at the end of each year of use. This lease cannot be cancelled.
Determine what would happen to GDP if a significant number of house spouses who were previously stay home to care for their children began taking jobs and placing their children in day care?
Assume that you are the chief economic advisor to the president of the U.S..
Use an AD-AS diagram (draw and scan or create on your computer) to show the short run and long run effects of using the policy you chose.
Explain why a monopolist will never set a price (and produce the corresponding output) at which the demand is price-inelastic.
In the short run, company that seek to maximize their market share will tend to charge lower price for their products than firms that seek to maximize profit.
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