Answer to Question #322443 in Microeconomics for LenLen

Question

1.What key ingredients are necessary for the creation of economic demand? Of economic supply?

2.“Demand for a higher education is highest among the wealthy.This has led to an upward –sloping demand curve for college education.The higher the tuition charged, the greater is demand.”Discuss this statement.

3.Discus some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting.

4.“Output per worker is expected to increase by 10% during the next year.Therefore, wages can also increase by 10% with no harmful effects on employment, output prices, or employer profits.”Discuss this statement.

5.Do operating strategies of average cost minimization and profit maximization always lead to identical levels of output? Explain

Answer 1

It's been a while since this question is posted here. Still, the answer hasn't been got. Consider converting this question to a fully qualified assignment, and we will try to assist. Please click the link below to proceed: Submit order