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Question 1) What is the definition of " opportunity cost" ? Give an example (2 points).
Question 2) Compare the difference between "Change in Supply "and " Change in Quantity Supplied". Discuss the causes and shape of curve.
Question 3) At what price does Shortage and Surplus occur ? Once a market has shortage and Surplus, then what happens to the market price?
Question 4) if a decrease in Demand is smaller than a decrease in Supply, what happens to an equilibrium price and output sales?
Question 5) if Coke price goes down, what happens to Pepsi demand? why?
What is free speech and what is not free speech? Please also give your definition of free speech.
For the real GDP and CPI data, you need to calculate the real GDP growth rate and the inflation rate. Be sure to show your work.
What is the size of this firms profit or loss - will there be entry or exit? Will this restaurant's demand curve shift left or right?
A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand.
He attempts to stock whatever remains but cannot stock more than 40 units-units in excess of 40 are discarded at no additional cost and with no salvage value. How many units should the retailer order each month?
Compare and contrast the different stages of the business cycle and how inflation and unemployment vary via these different stages. Then discuss the appropriate fiscal and monetary policies to address inflation and unemployment.
Assume straight-line depreciation. If the marginal corporate income tax rate is constant at t. What is the after-tax price of the capital good to the firm?
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"Output per worker is expected to increase by 10 percent during the next year. Therefore, wages can also increase by 10 percent with no harmful effects on employment, output prices, or employer profits." Analyze this statement.
How would this change impact the demand for feeders? Explain your answer and reconstruct the graph developed in question one to show this change.
The question related to Economics and the question is about perfection competition. The question is not only a descriptive question, but a practical question because it involves observing a market near you which resembles perfect competition.
During the debate prior to the passage of the North American Free Trade Agreement (NAFTA), opponents argued that given the relative size of the two economies.
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