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Nominal also real economic variables.1. Briefly define also Elucidate A. The difference between nominal also real economic variables. B. Elucidate why do economists tend to concentrate on changes in real magnitudes?
Business Economics, Economics
How technology, government regulations, international factors, expectations about the future, and the macroeconomy play a role in managerial decision-making? Carefully explain each by giving example.
Sal's Market receives a box of Jen & Barry's Fast Fresh Salad BagsTM. Each box contains 16 Caesar salad bags, 20 tossed salad bags, and 12 shredded cabbage bags. Suppose that each type salad bag has an equal chance of be ...
Suppose the production function for a firm is given by: q=8L +2K. If the firm currently has 20 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTSLK).
When comparing monopolization to monopolistic competition in the wireless telecommunications world, what are some good differences to touch on in a short paper?
Suppose the cross-price elasticity of demand between goods X and Y is -4. How much would the price of good Y have to change in order to change the consumption of good X by 10 percent?
What is the "putting out" system? What does it illustrate? a. An experimental system in which white slave owners assigned slave families a plot of land, and let the slaves market X% of the resulting harvest. This illustr ...
Under what circumstances would LRAS and SRAS have the same slope?
What's your answer about the equilibrium change from an event which decreases both demand and supply? You don't need to provide graph here. Just describe the curve shifts and how the equilibrium price and equilibrium qua ...
Is the following an example of a binomial experiment? At a campus activities board event, an entertainer gives tickets with sequential numbers to every attendee (i.e. 1, 2, 3, 4, 5... n). Throughout the event, the entert ...
The reason that would cause movement along demand curve is 1) income of the buyers. 2) availability of close substitutes. 3) a change in the price of the good itself. 4) non of the above
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