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Describe how marginal utility and the selling price of a goods/services determine: 1) Which goods and services are purchased first and 2) What quantities of a good or service are purchased. Explain fully.
Use the data in the table to the right to answer the following questions. What is the external cost per unit of production? What level is produced if there is no regulation of the externality?
During the 1990s, age cohort that grew the most rapidly was the 45-54 cohort, which has highest saving rate. Yet during that same period,
Studies have shown a link between rising debt-to- GDP ratios and real interest rates. Investment is not the only category of spending that might be sensitive to interest rates.
Illustrate what fiscal policy or policies would be the best to get it out of the recession
Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving more awa..
The demand and supply functions for sweatshirts (the basic grey kind) are as follows: Price Quantity Demanded (per period) Quantity Supplied (per period) $10 14,000 21,000 9 14,500 18,000 8 15,000 15,000 7 15,500 12,000 6 16,..
Assume market demand and supply are given. Equilibrium price of X is $100 per unit then producer surplus is.
if a government initially has a balanced budget but then cuts taxes, it is running a deficit that it must somehow finance. suppose people think the government will finance its deficit by printing the extra money
Describe why the general level of wages in high in US and other industrially advanced countries. Determine the single most important factor underlying the long run increase in average real wage rates in the US
Critically discuss that there is no satisfying theory that explains the behavior of firms in oligopoly markets. Which theories should I include in the analysis and give some examples relevant to these theories?
At the management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns". Is this statement correct? If so, why? If not, explain why no..
Illustrate what is included in determining any of the measures of money supply. what happens to the equilibrium price level and output rate.
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