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How might the Fed respond to a problem of substantial unemployment? How might the Fed respond to a problem of high inflation? Can the Fed fight both inflation and unemployment?
Sal Pizza Shop has a unique recipe for pizza, and currently its optimal price is $20 per pizza at a quantity of 200 pizzas per week. Its marginal cost is $12 per pizza when it produces fewer than 180 pizzas per week. The marginal cost is $15 per pizz..
the price level and the money supply over the business cycle both in terms of correlation, magnitude and lead vs lag. Give the economic intuition of the results on consumption, investment, productivity, wages and price levels.
1. consider the production functionwhere q is total output k is the amount of capital used and l is the amount of labor
how does the charging the monoply a specific tax per unit affect the monopoly optmum and 5the welfare of
as tren dee apparels chief executive officer you decide to break into the competitive sweatshirt market. use the
what assumptions about preferences imply that indifference curves have the bowed-in shape they are assumed to
analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic
What is the equilibrium price and quantity and assume that changes in fashion cause the demand for tshirts to rise by 4 million at each price. What will be the new equilibrium price and quantity?
The production function is: Q=ALaKb. Show that the isoquants for this production function are convex. (Show that MRTS diminishes as L increases. Why?) Derive the equation for the long-run expansion path
Katherine advertises to sell cookies for $4 a dozen. She sells 50 dozen, and decides that she can charge more. She raises the price to $6 a dozen and sells 40 dozen. What is the elasticity of demand?
a needy family of a mother and three children currently receives cash benefits that average 12 per day. the mother of
when marketers discuss market segmentation the conversation soon turns to include the concept of target marketing. what
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