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Questions:
1. How would advertising work in the model/world of perfect competition?
2. Why is the short-run average total cost curve U-shaped?
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale.
Wages are said to be sticky when they do not adjust fast enough to reflect changing conditions of demand and supply. The common reasons cited are long term.
Using a supply and demand graph for labor, show why a minimum wage would cause more unemployment during a recession than during economic expansion.
Suppose the government cuts its purchases through $120 billion. As a result, budget deficit is decreased by $40 billion, private domestic saving reduced by $10 billion,
A new office building was constructed 5 years ago by a consulting engineering firm. At that time the firm obtained a bank loan for $600,000.
In the gold-standard era, there existed the so called rules of the game. What were these rules? Were they followed in practice?
Did the value of the U.S. dollar appreciate or depreciate against the Euro between 2000 and 2002?
What are the basic objectives of monetary policy?
conduct research online to identify the various ways in which businesses interact with and manage their supply chain.
Create a chart summarizing the details of the investment for both Bob and Lisa. Explain the results in terms of time value of money.
A small town is served by many competing supermarkets, which have constant marginal cost. Using the diagram of market for groceries, show the consumer surplus, producer surplus, and total surplus.
the u.s. government administers two programs that affect the market for cigarettes. media campaigns and labeling
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