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Canada's annual inflation rate jumped to 4.4% in September 2021.
1. What are the causes of inflation in Canada? What is the theory/theories?
2. What is Hybrid Inflation? Is it related to the current inflation in Canada?
3. How should the Canadian government deal with rising inflation?
You are a health economics consultant for a major political campaign. Your client notes recent research that individuals in worse health tend to live further from health facilities. Therefore, building more health facilities in rural areas should imp..
Producer surplus is measured as the area
What are some of the location-specific advantages found in agglomeration, the clustering of economic activities in a concentrated area? What are the advantages and disadvantages for first movers? What are the advantages and disadvantages for late mov..
Consider an American automaker like GM with almost 400 production facilities located in 37 countries and sales in over 150 countries! To maximize profits, what decisions does GM have to make in regard to pricing and production?
Presently, AFC has on its medical staff 10 doctors and 10 nurses. The daily wage of a doctor is $600, whereas a nurse is paid only $200 a day. Write the equation for the medical isocost of AFC.
It is obvious that US fiscal policy makers cannot manage balancing the budget every year, As an alternative, Balancing the budget over the business cycle requires
Current average daily sales of hats are 60. The current price is $9.24 per hat. A store manager notices that a rival store is charging $8.50 per hat. Use the mid-point method to calculate the price elasticity of demand.
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
Suppose that annual income from a rental property is expected to start at $1,000 per year and increases at a uniform amount of $50 each year after the first year for the 10-year expected life of the property. Assume an interest rate of 10%/year. Assu..
Imagine you are one of the managers in your company, and in the next business meeting you will be discussing with other managers
Consider the first price auction. Write down the payoff matrix also find all Nash equilibrium
Management and a labor union are bargaining over how much of a $50 surplus to give to the union. The $50 is divisible up to one cent. The players have one-shot to reach an agreement.
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