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If the American auto companies make a breakthroufh in automobile technology and are able to produce a car that gets 70 miles to the gallon, what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain.
If you deposit RM3,000 with each bank, illustrate what will be the difference in the two bank account balances after two years.
Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.
Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.
Can Economic Analysis be used as a tool to discover truth and to assist in solution of concrete/major problems in an organization. How.
How does definition of a market, or for that matter, a business strategy, affect that perception of a monopoly.
In a few sentences, what effect does the current supply and current demand have on this product.
Compute the Learner index if the marginal cost of producing Lipitor is $0.30 per pill. Does the Lerner index make sense in this situation.
Illustrate what are some of the limitations of the national income accounts in how they represent our standard of living.
To explore the implications of this view, suppose that an economy consumes all wage income and saves all capital income. Show that if the factors of production earn their marginal product, this economy reaches the Golden Rule level of capital.
firms marginal cost curve crosses marginal revenue curve at an output level of 1,000 unit. What is firms current profit. What is likely to occur in this market and why.
What is the cost to Lavaland of moving from point E to point F. Illustrate what general economic principle is being illustrated.
Ellen and May can produce two goods in a day, breakfast bars and frog food pellets. In a single day, May can make 10 breakfast bars or 30 frog pellets
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