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Q1. Suppose the U.S. dollar price of a British pound is $1.50; the dollar price of a euro is $.90; a hotel room in London, England, cost 120 British pounds; also a comparable hotel room in Hanover, Germany, cost 220 euro.a. Which hotel room is cheaper to a U.S. tourist?
Q2. Calculate the velocity of money if real GDP is 3,000 units, the average price level is $4 per unit also the quantity of money I the economy is $1,500. Illustrate what happens to velocity if the average price level drops to $3 per unit? Illustrate what happens to velocity if the average price level remains at $4 per unit but the money delivery rises to $2,000? Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units?
Why profits encourage entry into purely competitive industries and explain how losses encourage exit from purely competitive industries.
Now suppose Starbucks introduces world to premium blends, and so demand rises substantially.
Refer to the Real Estate data, which reports information of homes sold in the Goodyear, Arizona, area during the last year. Prepare a report on the selling prices of the homes.
Despite this finding, the government mandates that new cars have air bags, rather than taxing their use. Is this policy a contradiction.
What do you think he would suggest as an economic plan for our economy. Would they agree or disagree with the current policies.
Do you see our communities growing closer together or further apart. One page double spaced.
Elucidate relationship among production curves average product and marginal product also cost curves average variable cost, average total cost and marginal cost.
Sam sells shavers also Alvin sells after cut off. Imagine Sam discovers a new production technique that lowers his costs of production.
Is the student necessarily better or worse off than before from such a transfer implied by consultant A.
When a company's depreciation is larger than its gross investment, net investment becomes negative and the firm's capital stock decreases.
Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.
In order to just break even, Elucidate how much will the company have to charge for every set.
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