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An economy-wide increase in productivity caused by improved technology would most likely:
a. increase unemployment, because any given output could be produced with less labor
b. increase inflation, thereby decreasing profits and investment
c. increase output, but decrease employment
d. increase real incomes, thereby increasing aggregate demand and reducing unemployment
Consider the market for cheesesteak sandwiches in an economy with the market equilibrium price of $5.00 per cheesesteak sandwich. Suppose that the current price for one cheesesteak sandwich is $8.00. At this price, the market is economically (ineffic..
Assume that the market basket consists of 150 container of yogurt 300 cups of coffee and 200 cookies in 2013 but in 2014 in consists of 200 containers of yogurt 150 cups of coffee and 150 cookies
List four different sources of externalities associated with education service that make it likely that an inefficiently small amount of the service would be provided in competitive equilibrium without gov intervention. Explain why each source you li..
A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive office was at least nine years. A survey of companies reported in the Wall Street Journal found a sample mean tenure time of 7.27 years with a standard de..
Discuss the importance of westward expansion since 1800.What were some of the key land acquisitions, and how was expansion carried out? What was federal policy towards Native Americans and Mexico, and how did it factor into expansion? Finally, what i..
Financial Managers, Inc., buys and sells a large number of stocks routinely for the various accounts that it manages. Portfolio manager Andrea Colson has asked for your assistance in the analysis of the Johnson Fund. What are the mean and variance of..
The prices that people are willing to pay for goods and services mostly depend on:
An investor has utility for money given by U(m) = . He has three investment opportunities: I1 pays $100 with certainty, I2 pays $120 and $80 with equal probability and I3 pays $150 and $30 with equal probability. Which one should he choose? Would you..
Dell is considering two versions of a new laptop. One version will meet high performance standards. The other will only meet medium performance standards. If Dell knows that there are Nt techies and Nn norms, and if Dell also can identify which type ..
One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
What are the corresponding retail and wholesale prices? What would happen if the sales are switched from the retail to the wholesale and vice versa?
illustrate what is the profit maximizing quantity that should be offered to Group B
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