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If I have selected tractors and cultivators to be the two main products to be produced by a agricultural equipment firm, what would be the costs of profit maximization and some alternative production opportunities?
Please explain opportunity cost and some constraints the firm would face in maximizing the profit.
What is price-wage rigidity? Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not
a. Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q. Then, the marginal revenue (MR) equation for this demand equation will become: MR = 560 - 0.048Q.
The economy of Tinseltown has a consumption function of C = 15 + 0.7Y , investment equal to 8, government expenditure equal to 12, exports equal to 20, and an import function of M = 0.2Y. What is equilibrium real GDP for this economy?
Carson Company is attempting to compare their services offered by different banks as it would like to have all services provided by one bank. Explain the different types of services provided by a financial institution that may allow Carson Company..
State the current unemployment rate and inflation rate in Ireland and discuss the problems the pose for the Irish government. Discuss using examples and class materials
Describe regarding the best solution for preventing someone from making illegal copies of music files.
Explain how the central bank in a modern economy operates; in particular, how it tries to control the monetary base (H), and thus the quantity of money (M) via open-market operations.
Upon entering college, Meena borrowed the limit of $5000 on her credit card to help pay expenses. The credit card company charges 19.95% annual interest, compounded continuously. how much will meena owe when she graduates in four years?
Write an essay analyzing the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e., the "crowding out" effect.
From the e-Activity, analyze the economic effects of a flat-rate tax on the U.S. economy. Identify how a flat-rate tax affects government activities. Cite your sources in your answer.
In late 2010 economists were debating whether the U.S. economy was in a recession. GDP seemed to be rising, yet the unemployment rate was stuck at close to 10 percent. In thinking about the economic distress experienced during a recession which is th..
Suppose OPEC breaks apart and oil prices fall substantially. Initially, which curve shifts in the aggregate supply/aggregate demand model? In what direction does it shift? What happens to the price level and real ouput (GDP).
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