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Monopolistically competitive firms could increase the quantity they produce and potentially lower the average total cost of production. Why don't they do so?
The difference between a final good and an intermediate good is that. Gross domestic product is the market value of all:
Suppose you have the following hypothetical demand or sales function. Qx= -4Px+2Py+0.20I+0.04A and PX = $200, (price of good X) PY =$230, (price of good Y) I = $1,500 (disposable per capita income) A =$12,000 (advertizing expenditures). Calculate exp..
The charge given by Congress to the Federal Reserve is to "promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." Discuss whether the Taylor rule conforms to the mandate.
We have discussed why market based policy instruments are often superior to conventional command–and control instruments to solve environmental problems. But command -and-control regulations, such as a uniform standard for all polluters, sometimes wo..
q1. based on political-science research which of the following is the best explanation for the states historic reliance
The Prime Minister, denying that unemployment is growing, claims that: "We've created more jobs". How would you respond to this point?
The concept of investment in human capital indicates that:
In this forum, share your thoughts on what you feel is the most important environmental issue we face Be specific and include at least one link to a specific (factual - not a blog) website or internet article that deals with that issue and a brief ov..
Demand for fictitious good is Q=1200 - 2p. Suppose supply is Q= -600 + 2p. What price will sellers receive after the tax is levied? What price will consumers pay after the tax is levied? What percent will be paid by the suppliers?
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar pro..
What is the bank instability problem. Understand the Bryant and Diamond models of bank runs. I want you to understand the quantitative logic of the problem. Explain the connection between the solution to the bank instability problem that we have adop..
Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20 percent tax rate and pays $4 per hour in child care expenses for each hour he works. Tom receives $80 in child support..
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