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Assume that the Government of Fiji plans to establish a new industrial park on the outskirts of the town of Labasa in Fiji. The industrial park will be constructed on 10 hectares of suitable land. Factories will be constructed by the Government for leasing to 20 export oriented manufacturing enterprises.
Suppose that when the price of X goes up, you respond by consuming less Y . Illustrate the substitution and income effects of an increase in the price of X. How does your graph illustrate the information in italics above? Is Y a normal good or an inf..
According to our discussion of Uber in class, which of the following best describes the evidence of the impact of the surge-pricing strategy?
What will be your advice if you were asked to provide public guidance for innovation and entrepreneurship?
1) In the circular flow model, firms sell the services of factors of production to households
The initial offering price was $34.40 per share, and the stock rose to $41 per share in the first few minutes of trading. Bostitch paid $905,000 in legal and other direct cost and $250,000 in indirect costs. What was the flotation cost as a perce..
Use the income statement below to find the financial ratios for (a) cost of goods sold, (b) gross profit, (c) operating expense, and (d) net income before taxes.
Assume the price elasticity of demand for cigarettes is 0.25. If a pack of cigarettes currently costs $7.00, and the government wants to reduce smoking
To increase a company’s performance, a manager suggests that the company needs to increase the value of its product to customers. Describe three ways in which this advice might be incorrect (Hint: Think about what else might or might not change that ..
Prove that every weighted average of three numbers x1
Assume Aggregate Demand (AD) is fixed. If fiscal policy promotes an increase in Aggregate Supply (AS), what happens to GDP and price levels? If the Federal Reserve wants to decrease the money supply, it should:
1. List and illustrate the advantages and disadvantages of electronic health care records
Below are some possible combinations of rice and fish for people living on the Islands of Alpha and Beta. Suppose the Alphas currently produce and consume 10 pounds of rice and 60 pounds of fish. What is the opportunity cost of 1 pound of rice on Alp..
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