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Economic functions of money - A medium of exchange This is its most important role. Without money we would live in a barter economy where we would have to trade goods and
The annual fixed cost for a light fixture manufacturing company are $38,000, and the variable costs are $40 per unit. If the selling price per unit is p = 485 - 1.395X, what is the
Why is it important for an organization to study and understand its external environment?
Suppose the Bank of Canada announces that it will raise the money supply in the future but does not change the money supply today. Using the Fisher equation, explain what happens t
Let the real interest rate, i r , equal 5 percent and the rate of depreciation, d, equal 10 percent. In this case, if the price of a piece of capital is P K = $10,000, what is th
What are the four managerial factors that lead to diseconomies of scale
Explain the adjustment to the new equilibrium price from an increase in demand.
distnguish betweenNational income at market price and National Income at factor cost, explain the importance of the distinction
List the 3 factors that determine the price elasticity of demand? State the factor that determines the price elasticity of supply?
Assume the United States has the following consumption information: GDP = Income Consumption
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