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If a firm makes a loss in the short run, should it shut down? If no, discuss. If yes, discuss. Offer examples. Do think discussion forum is a useful learning tool for online classes.
An airline ticket costs the same from Wyoming, Casper, to Denver, Colorado and from the Denver to Orlando, Florida. Does this make economic sense?
The Ford Motor Company sold 500,000 Model T Fords at a price of $440 each in 1916. Henry Ford believed that he could increase sales of the Model T by 1,000 cars for every dollar he cut the price.
Should they choose an expansionary or contractionary policy? What would be the consequences of doing so? Should the Congress and president engage in discretionary fiscal policy if a recession
Assume the government is running a surplus and aggregate demand is so high that any further increases in spending will cause only inflation, with no increases in production. Explain what should the
Assume the Fed decides to increase the nominal money supply using an open market purchase. The end result of the money creation sequence of events shows a decrease in the federal funds rate.
Explain what does the Fisher Effect say about the relationship among the nominal interest rate (e.g., the federal funds rate) and the inflation rate?
Find out at least one important Entrepreneur that you would consider an "Entrepreneurial Legend" and state why you consider the person to be exemplary.
Amacon is a bicycle manufacturer that produces approximately 5,000 bikes each month. In order to meet that demand, Amacon requires the 10,000 rubber tires at its assembly plant on the last Thursday
Discuss how much output did the average worker produce if 150 million workers produced America's GDP in 2010, according to the "World View" above.
Suppose you are a functional manager tasked with assembling a project team. Infer two conflicts that are inevitable between project stakeholders.
Discuss the assertion that one disadvantage of the pure project organization is the project professionals' tendency to fall behind in areas of technical expertise that they do not use on projects.
Suppose a government quota on the quantity of imports causes net exports to rise. Discuss why the expenditures total and national output may rise after the quota is imposed. Who is likely to benefi
For each of the expected inflation rates of 0,2,4,6, and 8 percent, determine the nominal interest rate and the after tax expected real interest rate if the tax rate is 30 percent.
In each of the following cases, indicate which good you think has a relatively more price elastic demand and find out the most likely reason, in terms of the determinants of the elasticity of demand
Calculate the mechanism in the economic system that guarantees the saving of the economy will always equal the investment of the economy? You may assume a closed economy in answering the qu
If in 1984, measured GDP in Canada was $400 billion, and in 1985 it was $440 billion, discuss why we cannot necessarily conclude that the typical Canadian's welfare has improved by 10-percent over
Assume the demand function is Qxd = 100 - 5Px + 2Py - M. If Px = $4, Py = $2, and M = $50, Determine the cross-price elasticity of good x with respect to the price of good y?
Find out who is and is not included in the labor force, discuss how the unemployment rate is calculated, and list and explain the major types or categories of unemployment.
Discuss how does the introduction of cognition into a consumer's choice among the healthy and unhealthy food affect the marginal utility per dollar and the quantity of healthy and unhealthy food co
Could not Ethiopia become a world class producer and exporter of goods? Discuss how would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic
Give an example of a product you have recently purchased in which the price changed. Calculate whether the good was an elastic or inelastic good and explain how you know.
Consider what might happen to demand and supply if a significant number of retailers decided to implement the price-match guarantee.
How much must it pay for each hour it uses its capital if the George Firm is minimizing costs, its RTS is 1.5, and it pays its workers $30 per hour?
Would total consumer expenditure on cigarettes rise or fall in the short run if the government were to impose a tax that raised the price of cigarettes by 5 percent What about in the long run?