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According to Keynesian theory:
A) the long-run and short-run aggregate supply curves are identical.
B) a decrease in aggregate demand leads to decreases in output and prices.
C) a decrease in aggregate demand will decrease prices, but not output.
D) the short run is relatively unimportant
What is the Law of Diminishing Returns. Discuss a company's two short run options: 1. stay open or 2. shut down.
There have been some discussions about the possibility of IRS applying only a flat tax rate in the future to every individual's income in order to calculate the individual's share of income tax.
If the firm's MARR is increased to 25%, what would be the required savings in leasing so that the project would remain profitable.
Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
Given the short-run (SR) cost curve in the chart above for a firm in a perfectly competitive market, find the firm’s best output level and total profits when the market price is: a) $18, b) $13 c) $5 d) $3.
What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand.
q.macro-economics is perhaps most divisive area of economics when functionalized to political decision making also
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Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
What is the expected cost of producing the 1000th unit if the cost of producing the first was $850 and the expected learning rate is 90%?
Assuming that all of each firm's $16 fixed cost is sunk, what is a firm's short-run supply curve?. What is the short-run market supply curve? c. Determine the short-run equilibrium price and quantity in this industry.
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