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Assume the short-run aggregate supply curve can be expressed algebraically as: Y = 4,500 + 3,000π and the dynamic aggregate demand curve can be written as: Y = 5,000 – 1,000π
a. Find the numerical value for the short-run inflation rate? Show your work.
b. Find the numerical value for equilibrium output in the short run? Show your work.
Examine the role of Fayol's pillars of management and how they may conflict or conversely fit with contemporary organizations and management theories.
Consider two firms whose marginal costs of production are MC(Q1) = 10Q1; MC(Q2) = 5Q2: Suppose each unit of output produced, Q, results in one unit of emissions, E. Suppose the two firms sell their output in a perfectly competitive market, with perfe..
q1. determine the advantages and disadvantages of a company using price discrimination in order to increase demand for
Over the past five years American consumers have decreased their frequency of taking vacations. It is believed that a few factors may have led to this decrease. The recession of 2009 effectively stalled income growth in the country while at the same ..
Suppose that demand for good increases and, at the same time, supply of the good decreases. What would happen in the market for the good?
Suppose a typical consumer's inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P = 15 - 3Q. The marginal cost for gathering and bottling the water is $3 per gallon. Find the op..
What is the effective interest rate of an investment if the nominal annual interest rate is 4.67% and it is compounded semi-annually? Express your answer as a percent to two decimal places.
Throughout much of the 1970s, the United States experienced rising energy prices. Assume that the US economy was in long-run equilibrium before these increases began. Use the aggregate demand- aggregate supply model to illustrate graphically the shoc..
Describe the considerations that you would take into account when selecting the menu style for an application and why. Support your response with examples.
Ki Airlines has determined that the price elasticity of demand for two customer segments (Business Class and Coach) is -1.50 and -1.75. Based on their expectations of profitability, Ki realizes the price of a Coach Seat should be $155 (one way). How ..
You make decorative stones for landscaping. A ton of coarse stones requires 2 hours of crushing, 5 hours of sifting, and 8 hours of drying. A ton of fine stones requires 6 hours of crushing, 3 hours of sifting, and 2 hours of drying. The coarse stone..
The production function. Y=K^5 (AN)^.5 , where both the population and the pool of labor are growing by rate n=.07, the capital stock is deprecciating at a rate of d= .03, and A is normalized to 1. What are the capital's and labor's shares of income...
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