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A company is a monopoly in the market for bottled water. It was two plants to produced bottled water.
Total Cost for producing Q1 in plant 1 = 4(Q1)^2
Total coast for producing Q2 in plant 2 = 2(Q2)^2.
The company wants to create 12 bottles of water. To immunize total cost how many bottles should produced in the two different plants.
Why might the U.S. have a comparative advantage in bioinformatics but not in manufacturing and steel making.
How do automatic stabilizers affect budget deficits and surpluses? How would automatic stabilizers be affected by an annually balanced budget rule? Why do automatic stabilizers minimize the lag problems with fiscal policy?
Illustrate what does it imply about actual price level relative to expected price level. Illustrate what must happen to real and nominal wages in order to close a contractionary gap.
The government modifies the consumption tax somewhat so that the first $20k of consumption in each period is tax free. Now graph the budget constraint.
what is the consumption function b. what is the equation of the AE curve c. calculate equilibrium expenditure
Using a supply- and- demand graph and assuming competitive markets, show and explain the effect on equilibrium price and quantity of the following:
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
what effect would this change have on the wages in the two markets you illustrated in part (a)? what effect would the change have on the average wages of men and women?
Laurie’s demand for x is given by . Which of the following best describes Laurie’s demand for x when the price of x changes if her income is 10 and px = 2? (a) Relatively elastic (b) Unit Elastic (c) Relatively inelastic (d) Perfectly inelastic (e) N..
How much would Wyandotte have to reduce the price of polyol to achieve a 15 percent increase in the quantity sold?
q.1. an investor buys a property for 1 million with 40 of the purchase price attributable to the land and the balance
Illustrate what is the Business Cycle. Be able to describe all of its parts such as peak, trough, long-term trend, etc.
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