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Consider a monopolistic competitor with TC=100- 4Q+Q^2. Suppose that the demand for their version of the product is P=50-3Q.
Consider the following distribution of income in a 12 person economy, with the modern urban wage=3, the traditional rural income=1 and the informal urban wage = 2: (1,2,3,1,2,3,1,2,31,2,1). the poverty line is at 1.3. What is the level of absolute po..
Assume that the position of a nation’s aggregate demand curve has not changed, but the long-run equilibrium price level has declined. Other things being equal, which of the following factors might account for this event?
if sugar protectionism has the bad effects stated in the editorial, why dont congress and the president eliminate it?
If investors dislike of risk grows more intense while the risk-free interest rate is constant, will average expected rates of return rise or fall?
What are the two types of inflation? Of these two, which is one is usually the cause behind rising prices? What empirical evidence can be provided for the previous conclusion? Why would government expenditures (spending) into the circular flow not ge..
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the “knife’s edge model”?
Elucidate how that influences the marginal benefits and marginal costs associated with the decision to purchase a house.
Suppose you work as research economist at the EPA. There are two firms that operate in a perfectly competitive marker. This implies that each has the same marginal benefit curve, which in this case is horizontal at MB= $100. Each of the firms, howeve..
Explain why you take these safety precautions. Why is it important for you to take safety precautions?
If the student can achieve a 12% rate of return, what is the future worth of the investments on his 65th birthday?
1. How is the McDonald's restaurant shown in the photograph different from those in the United States? How is it similar? 2. What does this photograph tell you about the global economy?
Assume that the current demand and supply curves for widgets can be expressed as: calculate point price elasticity of demand at a price of 10 dollars. calculate arc price elasticity of demand between a price of $6 and $12.
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