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Question 1. Explain why economists focus on REAL GDP as opposed to NOMINAL GDP in tracking the business cycle? Question 2. What are the FOUR different types of unemployment? Why should you avoid being
Assume the business operates in market where the nature of competition is described as "monopolistic competition".
Use the Internet or other resources to find an example of a current business research project. Current means that the work is done within the past year. Prepare a synopsis of the project including t
Investigate the economics of recycling in your community. What steps can local businesses take to help improve the economic incentives for recycling?
Answer the question below on the basis of the following cost data for a purely competitive seller:
Is demand elastic in the $3 - $6 price range? Ed = 0.8 in the $6 - $10 price range. In this range of demand, by what percentage would quantity demanded change if price changes by 5 percent?
a) Will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be?
Assignment: Needing assistance with addressing GDP to give an Idea of what the economy may look like based on recent history and expected future conditions such as how the GDP is determined, Trends,
Prepare a paper on how motivational practices affect productivity in an organization such as Hewlett Packard
What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
Q1. Calculate the arc cross-price elasticity of demand for B.B. Lean's deluxe garment bag. Q2. B.B. Lean's deluxe garment bag sales recovered from 4800 units to 6000 units following a price reductio
Question: Lead times have sometimes been called "rubbery." What accounts for this concept of elasticity in lead times?
The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours. Using the appropriate productivity measure, which of the follow
1) What is the likely demand for the product? 2) What impact would the new product probably have on total sales, profits, market share, and return on investment?
Describe some of the generic differences between the production of goods and services
There are many reasons for changes to be made to our plans to reach our goals in life. In this instance, consider how macroeconomics and microeconomics impact our daily lives. Describe two economic
You are considering purchasing a personal computer. What factors would affect your price sensitivity in making the decision? How would those same factors affect the price sensitivity of some persona
1) Calculate the economic order quantity. (Round your answer to 1 decimal place, the tolerance is +/-0.1).
Fertility rates in many countries have dropped so low that their population is no longer growing. How will this affect economic growth? How will this affect the standard of living?
List ways that consumers would use less if the price of water were raised. Demonstrate that water has a downward demand curve like all other commodities. What is the elasticity of water demand?
1) Show this data graphically. Upon what specific assumptions in this production possibilities curve based?
All firms can increase the volume of goods or services sold by cutting prices. But the volume (quantity) of goods or services a firm sells differs from a firm's revenues (price times quantity). Sele
Question: Explain why there are limitations to calculating national GDP (national income accounting).
What is the difference between economies of scale and economies of scope? How do firms consider these when investing in processes?
Isolate a definition for ergonomics. How does ergonomics play into job design? Give specific examples and support your work.