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Economics Questions and Answers

Economics of Enterprise691587

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Answering economics questions may become a significant problem for many students at a certain point in their education process. You may have a short economics question that seems not so hard and time-consuming, but when you finally get to do it, you realize that it is more complicated than it looks, and Google search is not helping at all. There are a few websites that offer economics questions and answers for free, but they do not always provide solutions to the particular problems you have. If you need assistance with your economics homework problems or need answers to economics worksheet, test or quiz questions, be it multiple choice or free answer questions, Assignment Expert will be glad to provide it. We offer professional help with questions in a variety of economics topics you may find confusing or difficult to comprehend. Ask your economics question here, and our economics experts will answer it for free. If you need a solution to the entire set of questions or assistance with an economics project, order now, and our economics experts will help you for a reasonable price.

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On the basis of the following data, determine the value of the inventory at the lower
of cost or market. Assemble the data in the form illustrated in Exhibit 8.
Inventory Unit Unit
Commodity Quantity Cost Price Market Price
Aquarius 20 $ 80 $ 92
Capricorn 50 70 65
Leo 8 300 280
Scorpio 30 40 30
Taurus 100 90 94
Boss Motorcycle Shop sells motorcycles, ATVs, and other related supplies and accessories. During the taking of its physical inventory on December 31, 2010, Boss Motorcycle
Shop incorrectly counted its inventory as $195,750 instead of the correct amount of
a. State the effect of the error on the December 31, 2010, balance sheet of Boss Motorcycle
b. State the effect of the error on the income statement of Boss Motorcycle Shop for
the year ended December 31, 2010.
1. Differentiate between rational expectation and adaptive expectations?
2. What is the central tenet of the policy ineffectiveness hypothesis of the new classical proposition?
3. How changes in wealth shifts the consumption function?
A farmer grows a bushel of wheat and sells it to a miller for $1,the miller turns the wheat into floar and sells it to a baker for 3$.
The baker uses the floar to make a floar and sells it to consumer for 6$.
1.Value added in each stage of production?
NOTE; The value of the finished goods already includes the value of the intermediate goods.So, including intermediate goods in GDP would be 'double counting'
Assume that the short-run cost curves are drawn for the long-run efficient plant size and that all firms in the industry are identical. Are any of the market prices from part (d) a long-run equilibrium price? Explain why.
What are the comparisons between the Neoclassical Synthesis and Keynesian theories? Aren't they similar to an extent?
Since firms operating in a perfectly competitive market can sell as much as they produce at the market price, they should produce as much as they can. True or false.
Assume a perfectly competitive industry where the firms are identical, each with U-shaped short run and long  run  average  cost  curves.    In  the  short  run,  consumers  bear  none  of  the  burden  of  a  “per  firm”  tax,   while in the long run, consumers bear the entire burden. True or false.
how does s consumer react to the changes in both price and income of a normal and superior good in the likes of substitutability of both exported and imported goods.
True or False:

Assume a perfectly competitive industry where the firms are identical, each with U-shaped short run and long run average cost curves. In the short run, consumers bear none of the burden of a "per firm" tax, while in the long run, consumers bear the entire burden.

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It was perfect thank you so much.
Albert on April 2013
solving policy
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