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Suppose Jamacia trades in sugar and steel with other countries such as Canada, Mexico, and the U.S. Use the following data for the sugar and steel sector of Jamaica. Sugar: Sales Revenue: Ps*Qs=80 Payments to Labor: W*Ls=50 Payments to Capital: R*Ks Percentae Increase in Price:?Ps/Ps=0% Steel: Sales Revenue: Pb*Qb=80 Payments to Labor: W*Lb=30 Payments to Capital: R*Kb=50 Percentage increase in price:?Pb*/Pb= 25% 1Give the percentage change in the rental on capital and percentage change in wage. Compare the magnitude of the percentage in the rental on capital with percentage change in wage in part 1. Use notation format.
If the Federal Reserve had maintained a constant money supply in the face of this change, what would have happened to the interest rate.
Explain how marginal analysis affects goods and services, efficiency, equity, and the market economy.
Elucidate before economic growth, there were too few goods, after growth, there is too little time.
Which of the subsiquent statements is (are) generally true assuming a mound shaped distribution.
would there be any automatic Stabilizers in government budget. Would re be any distinction between full-employment deficits and actual beget deficit.
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000.
During the course of one day, airlines cut fares on nearly 35,881 routes. (a) Briefly explain why airlines might be more likely to match price cuts than price increases. (b) Which theory of oligopolistic behavior does the above situation most res..
Illustrate what was the main criticism of the present Texas constitution behind the Ratliff-Junell proposal for a latest constitution.
Calculate the after-tax nominal interest rate, then subtract off inflation to get the after-tax real interest rate for both cases.
Calculate the equilibrium level of income or real GDP for this economy. b. What happens to equilibrium Y if I changes to 10? What does this outcome reveal about the size of the multiplier?
Managerial economics and should include other criteria such as social responsibility and ethics. Remember to cite your authority and be careful not to plaigerize.
Elucidate how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that decision.
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