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lesson 2 production possibilities - written assignment 2nbsp1nbspnbspnbspnbspnbspnbspnbspnbsp suppose that a nations production possibilities are as
1 if you woke up in the working amp found that nominal gdp has doubled overnight what statistic would you need to check before you began to
1 a innocent a first year business student wonders why one should consider scarcity and choice as basic problems in economics advise innocentb
a farmer grows a bushel of wheat amp sells it to a miller for rs 100 the miller turns the wheat into flour amp then sells the flour to a baker for rs
explain the neo-classical theory of trade and show the difference between this and the classical approach as wellas the
assume youve just been assigned to a project to determine the future demand for natural gas in a rapidly growing community where the population is
cypress river landscape supply is a large wholesale supplier of landscaping materials in georgia cypress rivers sales vary seasonally sales tend to
the marketing manager of a large supermarket chain wants to determine how sales of the soft drinks are affected by shelf space and product placement
you decide to estimate the following quarterly sales forecasting model for new boat sales in your local countyqt a bt cdthe equation is estimated
the australian government recently announced its proposed carbon price mechanism the operation of this scheme is likely to raise the cost of
assume a perfectly competitive firm is currently producing 5000 units of output and is earning 15000 in total revenue the marginal cost of the 5000th
estimating the demand for money and plotting a demand curve for that estimation based on the equation m1ab1interestb2time where a is the intercept
1 which of the following best illustrates the concept of the fact that people respond to incentives jordan is offered a position at a different firm
what is the fiscal and montery policy actions in saudi arabia since the start of the global financial crisis from approximatly sep 15 th 2008 and
one government strategy to provide for economic stability and encourage economic growth is to provide tax reductions or tax incentives for
some producers cooperatives in europe operate in the marketplace without using money such a society works through an exchange of resources including
write a brief for the central banker of ireland outlining your recommendation on the interest rate that should be set at the next policy meeting from
problem 1 luke likes to consumer cds good1 and pizzas good 2 his preference over both goods is given by the utility functionif luke allocates 200 to
consider the following keynesian closed economy modelreal money demand l 02y - 200rfull-employment equilibrium output y 500nominal monetary base mb
question 1according to the solow growth model how would each of the following developments affect output per worker and consumption per worker in the
consider an economy in whichc25075y-t i 100-5r and g t 100here r denotes the real interest rate prices are sticky so we dont have to worry about
suppose that the federal reserve strictly follows a rule of keeping the interest rate at 3 per year initially this interest rate equates the demand
what is a budget constraint how does a budget constraint explain consumer choices when used in conjunction with indifference curves explain what
1nbsp below are six statementsnbsp indicate whether each one pertains to microeconomics mic or macroeconomics macanbspnbspnbsp last year ibm was the
the products profits per unit output are 50 per gallon for gasoline and 75 per square foot for fibernbsp then the respective marginal profits arempig