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Who is art for according to Marcel Duchamp? Who is art for according to Malevich?
Illustrate each of the following situations with a graph showing aggregate supply and aggregate demand curves, and explain what happens to the equilibrium values of the price level and aggregate output; An Increase In G with the money supply held con..
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
Assuming that the quantities of human and physical capital per worker did not change, and that the exponent on land in the production function is one-third, calculate the growth rate in productivity over this period. What was the annual growth rat..
Jacob Viner originally envisioned a situation where, in the demand/supply graph of a trade-diverting customs union, the demand curve was vertical and all supply curves (including the supply curve of domestic producers) were horizontal. In this situat..
If the fluctuations in the economy's real growth rate from year to year are caused primarily by variations in the rate at which aggregate delivery increases
With the exception of 9/11, relate what you believe are the "three" most important events or moments in the history of terrorism. To be clear, "first" list - via numbers (1, 2, & 3) your three events or moments in history "prior to" explaining/jus..
Who was the first administrator-statesman to attempt planning as a means for economic development?
Consider a labor market where the demand for a particular category of labor is given by the equation LD = 20 – 2W. Suppose that the supply curve of workers in this market who are also native-born citizens is given by LN = 2W, while the supply curve o..
A mine purchased for $3.5 million has a total expected yield of one million ounces of silver. Determine the depletion charge in year 4 when 300,000 ounces are mined and sold for $30 per ounce using (a) cost depletion, and (b) percentage depletion. (c..
The gap between average total cost (ATC) and average variable cost (AVC) becomes larger when output increases. Marginal cost curve cuts the lowest point of the average cost curve.
The labor demand and supply curves are respectively: Ld = a+b?w and Ls = c+d?w, where a, b, c, and d are parameters of the model, w is the wage, Ld and Ls denote labor demand and supply, respectively. What are the values of the parameters c and d tha..
Gabe and Gita both obey the two period Fisher model of consumption. Gabe earns $100 in the first period and $100 in the second period. Gita earns nothing in the first period and $210 in the second period. Suppose the interest rate increases. What wil..
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