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Choose two of these and discuss what they are and how they are used. In addition - discuss the concept of causation vs. correlation.
Adam's Ribs in downtown Chicago buys $10,000 worth of beef ribs, $25,000 worth. Are these purchases included in the calculation of gross domestic product?
What is the supply of excess reserves currently, compared to the previous time cited. Why the difference?
How has the U.S. economy been doing in recent years? Does this data indicate a growing, stagnant or declining economy?
Right now the value of the dollar has appreciated versus the peso. What must be happening to the value of the peso?
Is there any evidence that these measures have had the intended effect? Have there been any unintended consequences?
What are some of the major tools and strategies available to governments and policymakers that would make global expansion easier for firms?
Name the 6 Factors that affect the Macro-Environment. Name the 4 types of knowledge that a good leader uses to make good judgment calls.
illustrate how supply and demand analysis can explain changes in price and output of tea when a substitute good (coffee) is introduced in the market
Simulate six years of demand and compare theoretical and simulated results for the following measures: (a) Average demand.
Describe the cultural dimension of your country and how its political and economic risks can favor another country.
Explain how total utility and marginal utility change as you eat the same food repeatedly during one sitting until you can eat no more.
Now, look at our definition of a market. What are the similarities and differences between that social networking site and a market?
Using a Slutsky decomposition, Show graphically the impact of a price increase on the demand for a good which is inferior but not Giffen.
Use the concept of elasticity and tax incidence to argue. That is, why might owners of hotels and rental car agencies be opposed to these new taxes?
Explain the market failure associated with negative externality. Choose an oligopoly industry from your home country
How can political, economic, legal, social, and other factors influence a company's decision to expand into new markets? Be sure to fully justify
Draw a graph to illustrate this, including decomposition the price change into a substitution and income effect. Is egg an inferior good for Guy?
Obtain the equation of the indifference curve for the utility level U = 100 (set m in the vertical axis).
Describe the component parts of a "Production Function" and what it attempts to show. Be sure to include numerical examples in your answer.
Introduce the concept of Duopolistic competition and briefly describe the 3 main models of duopolistic competition we have covered and compare them.
total variable cost to be $130,000, and total revenue to be $145,000. Because of this information, in the short run, the Brookside Racquet Club should:
The farmer wants to know the number of acres of strawberries and tomatoes to plant to maximize profit. 1. Formulate a linear programming model for this problem
Determine the number of pans of cakes and Danish to produce each day so that profit will be maximized. 1. Formulate a linear programming model for this problem
Apply each of the four core principles of microeconomics to determine what you should choose. Make sure to discuss your reasoning for how you applied