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Question: Answer Questions: your answers should be no more than a short paragraph of 3-4 sentences for each of the following questions.
Assume that a firm's analysis of its balance condition shows the following: PL = $10, PK= $100, MPL = 30, and MPK = 290. As a decision maker in this firm, what would you do in the short term to improve the firm's condition and how might you do it? Be sure to include the equation for the balance condition in your response.
Suppose the elasticity of deamnd for cereal is 1.If cereal increases in price by25%, how much will the quantitiy demanded decrease by?
A plastic surgeon thinks she can make more revenue by lowering the price of cosmetic surgery.If cosmetic surgery is an elastic service, is she correct in her assumption.
Convince us you have attended and read all applicable material. Clearly identify which 2 concepts you are analyzing, and also include a link to the article you are responding to.
Two small open economies, Fixed and Flex, can be described by the Mundell%u2013Fleming model. The countries are otherwise identical except that Fixed maintains a fixed exchange rate, while Flex maintains a flexible exchange-rate regime.
Compute the probability of failing to stop at an intersection, given the driver was on the cell phone.
Normal 0 false false false EN-US X-NONE X-NONE How the budget affects economi..
Write a summary of the case study. In your summary, be sure to discuss the external environment in which McDonald's operates and how the environment influences its strategy.
The makers of academic books find that, when they raise the price of the average hard copy book from $50 to $75, quantity demanded among students drops from 100 to 90. Among casual readers, quantity demanded drops from 80 to 40.
Did the FOMC change the target for the federal funds rate? If so, what was the change? On balance, in its statement does the FOMC appear to be more concerned about slow economic growth or high inflation?
Suppose that you have been hired to analyze the impact on employment from the imposition of a minimum wage in the labor market.
Some economists studying the effects of the minimum wage law have found that it tends to reduce the employment of black teenagers relative to white teenagers.
question 1consider a market with the following supply qs and demand qd curvesqd 200-2pqs25at the market equilibrium
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