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suppose you have a coffee shop. list of fixed input and variable input for operating the shop
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
The prevention of major swings in economic activity can be handled most easily by the
Suppose the demand curve for a consumer for coffee is: Q = 6 – 2P, where Q represents the number of cups per day and P is the price of coffee per cup. Question: Sppose the co
Discuss the impact of rational self-interest on each of the following decisions
Assume that the U.S. Department of Agriculture (USDA) administers the price floor for cheese, set at $0.17 per pound of cheese. (The price floor is formally set at $16.10 per hundr
Differentiate between nominal and real exchange rate. Nominal exchange rate is the rate which actually prevails in the foreign swap market. The real exchange rate is the rate
what is the Theory of second best? Prove the theorem with the help of digram
The Hypothesis of Rational Expectations : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in addition, explici
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
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