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Q1. Set all variables to their baseline values also set pizza construction to 35. Illustrate what's the cost (in pasta) of one more unit of pizza?
Q2. the influence of public opinion on policy is limited by illustrate what?
Q3. If congress decides to reduce the tax paid per pack paid by sellers of cigarettes other things being equal the cost of cigarettes will fall. This fall in cost is due to illustrate what?
Q4. How do you find the compensated demand curve of the function U= q1^a + q2^a
Is there any range of production characterized by scale of economies. At Illustrate what production level are scale economies exhausted.
how the economy moves to a new equilibrium. Focus on short-run as well as long-run equilibrium.
China has continued to lag well behind the rest of the world in information technologies
Based on your understanding of the gains from trade, do you think which these payoffs actually reflect a nation's welfare under the four possible outcomes.
Explain what the GDP cost index is and what is its role in differentiating nominal GDP and real GDP.
If there are multiple highest bids, then the winner is the bidder whose valuation is the highest or whose index is the smallest among the highest bidders.
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.
Total hours worked, and average labor productivity all are procyclical. Which variable, output or total hours worked, increases by a larger percentage in expansions falls by a larger percentage in recessions.
Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.
The data-plotting tool will automatically connect the points with a line.
Give reasons to elucidate what the government would have to do to keep the unemployment rate at 3 percent.
Illustrate what will be the effect on the level of checkable deposits.
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