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Discuss how price for a given item is determined in the market place. Our interest is the theory that explains why an item costs it does and how how many units of that item an economy produces is determined.
1. Provide examples of a variable that affect the supply curve and a variable that affects the demand curve (You must refer to the determinants of demand and supply in your textbook)
2. Think of a product or service that use in your everyday life or workplace. Describe how the supply or demand of this product might be changed. Which of the main categories of demand and supply factors presented in your textbook are involved?
3. Discuss: What does equilibrium price represent? What factors cause equilibrium to change and why is it important that prices are flexible in our economy? After reading about price ceiling and price floor, do you think the government should control the level of prices for products that are really important such as gasoline (read about price ceiling and price floor in your textbook before answering this item)
Find the production possibility frontier for this economy and find the competitive equilibrium and find competitive equilibrium if every consumer owns 100 units of labour and owns one firm.
EYEWITNESS TESTIMONY. A man was struck by a speeding taxi as he crossed the street. Aneyewitness testified the taxi (which did not stop) was blue. The man sued the Blue Cabcompany for his medical expenses. The city has only two cab companies, Blue Ca..
Gather information on a loan for which the true cost (measured as an interest rate) does not match the stated interest rate of the loan.
who file a lawsuit on behalf of the government if they believe that a company has somehow defrauded the government Securities and Exchange Commission Occupational Safety and Health Administration False Claims Act corporate philanthropy social audi..
how is an aggregate demand curve derived? what would cause the aggregate demand curve to shift to the right? suppose
What is the price, quantity of supply and quantity of demand in equilibrium situation? If the price raises from $20 to $30 a barrel, will the total revenue from oil sales increase or decrease? What are the values of the price elasticity of booth dema..
suppose you have announced you will meet the competition in response to entry threats by a potential rival who has done
In many ways the economic performance of Argentina, Brazil, and Chile have many elements in common. All three countries had relatively high standards of living.
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What role does the rate of profit play in Mercantilist, Marxist, Smithian, Solovian and the Lewis models of economic growth?
The following figures are based on budget estimates of Government of India for the year 2001 – 2002
The U.S. government administers two programs that affect the market for cigarettes. Media campaigns and labeling requirements are aimed at making the public aware of the dangers of cigarette smoking
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