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Based off of the book Global Political Economy: Understanding the International Economic Order. I need this answered a list of the (1) philosophies, (2) assumptions, and (3) biases used in their arguments
What is a monopolist? Is the product unique or there are no close substitutes. Discuss What type(s) of decision does the monopolist make about pricing and the quantity of output to offer in the market? Can the monopolist determine the level of output..
Suppose you have $500 in savings when the price level index is at 100. (a) If inflation pushes the price level up by 10 percent, what will be the real value of your savings?
Economists assume that firms seek to
Suppose a consumer purchases a combination of two commodities that is on his or her budget line but the budget line is not tangent to an indifference curve at that point. Of which commodity should the consumer buy more of and of which should he or sh..
If you were to draw the two nations' PPF's on the same graph, elucidate which would be farther to the right.
Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abated in total. Determine the abatements for company 1 and 2 under the cos..
What is consumer surplus and producer surplus? Create a diagram to explain your answer. On the same diagram, show what happens if a limit is imposed on the amount of a good that can be sold in the marketplace
Does that face help explain why such governments would rather subsidize an industry’s export sales than its sales in the domestic market?
A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is. What is the number of units that should be produced and sold eac..
Forward Exchange Rates: Use the information
New classical economists believe that it is possible under certain circumstances for an increase in the money supply to lead to a decrease in real GDP in the short run.
q1. connie and stephen must decide how to split a pie. suppose both of them simultaneously formulate demands x and y.
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