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Q. A particular firm began very small. They found that getting larger was painful - it involved a lot of new administrative infrastructure to get everything organized and all of this was quite expensive to get started. However, once the firm has gotten through these "growing pains" of expanding productivity, it found that it was able to expand further in a way that was very efficient, allowing increased specialization of the workers. Sketch the shape of the total cost curve for this firm.
Suppose that the government imposed a $1 tax each time someone used an ATM.
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your respo..
Suppose the interest rate on 6-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States.
Suppose at the current level of labor used, the MRP = $100 and the MFC = $50. Elucidate the maximize profits
Elucidate the marginal revenue from the fourth worker
James earned $10,000 in income in his new job in Nova Scotia after the move and his employer paid him $1,000 specifically to cover the cost of the move, but doesn't specify what it can be used for.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Solow Growth Model. In 2010, Japan was a large open economy with perfect capital mobility that was at its steady state.
A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.
Does either firm have a dominant strategy. Is there a stable equilibrium.
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
What is the impact of a tax cut in an economy operating under a fixed exchange rate regime on household spending, interest rates.
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