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In analyzing macroeconomic data during the past year, you have discovered that average labour productivity fell, but total output increased. What was most likely to have caused this?
A) Government deficit was reduced.
B) The capital/output ratio probably rose.
C) There was an increase in labour input.
D) Unemployment probably increased.
Writing a production function in terms of capital andeffective labor implies that the level of technology increases by 10%, thenumber of workers requiredto achieve the same level of output decreases by 10%.
Price discrimination sounds like a socially "bad" thing. Can you think of any reasons why price discrimination could be viewed as a socially "good" thing?
Microeconomics and macroeconomics: Elucidate the differences among the two and why economics is divided into these two subdivisions.
Determine which of the following theories of expectations holds that individuals usa all information available in forming expectations?
What is the labor force participation rate and what was the labor force participation rate in 2008 - How is unemployment measured and reported?
A well-known conglomerate that manufactures a multitude of noncompeting consumer products instituted a corporate-wide initiative to encourage the managers of its many divisions to share consumer demographic information.
Submit an outline that which gives information on your article and the three general economic principles and the three to five macroeconomic indices you will be discussing in your project.
Explain why does a production possibilities curve bow out rather than forming a straight line sloping downward from left to right.
Martin's Yachts has paid yearlydividends of $1.40, $1.75, and $2.00 a share over the last three years, respectively.
The data contained in the following table shows the tradeoffs that occur in an economy that produces only two types of products: pharmaceutical and computer-related technological products. Use the data given in the table to graph the production po..
You have been hired to work with a resort owner in Northern Minnesota. This resort owner runs a very small operation catering to mostly people who like to fish.
Organization where the market demand is given by QD = 1,500 - 40P, in the long-run equilibrium there will how many firms.
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