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Questions -
Question 1 - Using both a demand curve and a supply curve distinguish between a change in the quantity demanded and a change in demand and provide illustrative examples of each. (500 each word).
Question 2 - Explain the fallacy of President Trump's proposed protectionist policies in terms of the concepts of comparative advantage and absolute advantage. (500 each word).
Question 3 - Identify, from Australian industry, examples of monopoly and monopolistic competition and explain how and why governments may engage in policy intervention with respect to monopolies but not do so with respect to firms operating in a monopolistically competitive industrial structure. (2000 word Approx).
Suppose Shaqueena is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
A change in the real money supply can result either from a change in the nominal money supply though Federal Reserve policy (holding the price level constant) or from a change in the price level (holding the nominal money supply constant).
Perry is a freshman, he estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $30000 this year. He expects these costs to rise about $1500 each year while he is in college.
For model Two, the machinery would cost €2,200,000, have a useful economic life of five years and a disposable value of €150,000 at any time after initial installation.
These costs are depends on a budgeted volume of 80000 units developed and sold every year. Lafluer uses cost-plus pricing methods to set its target selling price.
Describe some of the investments made on the basis of cheap oil that complicates the transition away from a hydrocarbon based society.
Economic theory states that as more firms enter, prices, output and profits per firm decrease. Use the n-firm Cournot model to explain why this occurs
What is the present worth of a series of equal quarterly payments of $3000 that extends over a period of 8 years if the interest rate is 10% compounded monthly?
Assume the supply for good x is estimated. Is good x storable. Explain it numerically the data you are using to suppor answer.
(Carry the Corn?) It turns out you also have more gold-colored goods: corn. Assume the samesetup as in the gold problem except that a fraction δ of your corn decays every month you storeit. (So storing corn three months will get you either δ3L or ..
BUS700 ECONOMICS Paired-Assignment. To enable students to research, critically analyse and evaluate the macroeconomic performance of Australia
The firm need a combination of one unit of capital and two units of labor per hour to make ten units of output. The technology is such that an increase in labor has to be accompanied with an increase in capital, and a decrease in labor has to be a..
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