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Assume that in year 1 an economy produces 1000 units of output and they sell for $100 a unit, on average. In year 2, the economy produces the same 1000 units of output, and sells it for $110 a unit, on average. Use year 1 prices to calculate real GDP in Year 1 and Year. What happened to real GDP between years 1 and 2? Why?
Assume which the market for avocados is perfectly competitive. The typical agribusiness firm is earning positive economic profit in the short-run equilibrium.
q1. if real salaries increase but nominal salaries do not what can be said of prices on average?q2. he second year of
Using production theory, explain illustrate what will take place to the capital- labor ratio in both the short-run also the long run.
Illustrate what is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.0 to 4.1 percent of a $14 trillion economy.
Why do you think that approximately one-sixth of the world's population has not experienced much substantive economic growth over the past 30 years?
How could a terrorist impact the United States' economy - not the attack itself, but its eventual consequences - Is the energy infrastructure the most viable target for the international terrorist?
Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.
If fixed costs increase to $1200, what will happen to equilibrium price and quantity.
Raw materials cost for part is $150, and value added in manufacturing 1 unit from its components is $300, for a total cost per completed unit of $450. How many units of part are held, on average as pipeline inventory.
What individual product decisions and product line decisions has MCC made for Smart Car. Why did it make these decisions. What marketing recommendations would you make to MCC.
For this case read the article below concerning connecting the factory floor to the intranet/internet. This seems to be an effective way to manage an organization's inventory.
Illustrate what is the difference among the Marxist also the Value Conflict approach to social problems
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