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The first industry with marginal and total production functions of MP1 = 0.9L(-0.2) Y1 = 9 + L(0.6) and the second one with MP2 = 0.7L(-0.1) Y2 = 15 + L(0.3). The wages are equal to 0.5. The question asks to calculate the number of employees? and How to allocate them between industries?
Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item..
If the demand for money depends positively on real income and depends inversely on the nominal interest rate, illustrate what would happen to the price level today if the central bank announces.
Given the following info, calculate the rate of increase in the price level (inflation) from Year 2008 to 2009.
Explaining What problems exist for monetary policy?
Show that, with a linear demand curve, the imposition of a per-unit tax on a monopoly will cause price to rise by less than the tax. Would this be true for a constant elasticity demand curve?
The ability for economy to eliminate any imbalances in actual and potential output is sometimes called self-correction. Using an aggregate supply and aggregate demand diagram,
Formal Use Policy for securing networks and databases You will create a formal acceptable Use Policy for an organization of your choice. You will use your textbook as a guide to provide detailed information security expectations of the employees i..
In a closed economy, consumers spend $100 regardless of the level of income, the marginal propensity to consume is .8. Investment is equal to $200. The government spends $500 dollars and collects $150 dollars in taxes.
Consider this continuous-variable optimization problem: minimizef(x1,x2) = x21 + x22. Now suppose we start with a "guess" solution asx1=5,x2=5.
Imagine that most workers want full-time jobs to support their families whether the wage is high or low. What does this imply about the shape of the supply.
Why advocates of active monetary and fiscal policy view the economy as inherently unstable and believe that policy can manage aggregate demand to offset the inherent instability.
For a developing country to increase, it needs capital. The major source of capital in most nations is domestic saving, but the target of stimulating domestic saving usually is in conflict with the government policies targeted at decreasing inequalit..
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