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Question: Does it make sense for any country to have a majority of its export income derived from one or two exports, that is, to be a mono-exporter? Why, or why not? Do developed countries have a limited array of exports? Why do most less-developed countries have such a limited array of exports?
How companies and countries are becoming specialised in certain industries to compete and expand their businesses. Compare Australia with any other country.
what impact will an unanticipated increase in the money supply have on the real interest rate real output and
The problem is belongs to Economics and it is explain about calculation of wage rate for number of workers being hired by a firm with the above marginal revenue product and average revenue product curves.
Discuss the economic effects of monopoly
Which of the following curves—average fixed cost, average variable cost, average total cost, and marginal cost—would shift as a result of the lump-sum tax? Why? Show this in a graph. Label the graph as precisely as possible.
What is the price and quantity chosen under monopoly? What is the total cost of production as a function of quantity Q? What is the price level selected by the monopolist? What is the efficient level of output?
What will happen to a banks balance sheet if you open a $100 checkable deposit account in the bank - What is the discount rate? What is the federal funds rate?
Suppose the production function of a firm is Q=100k^1/2 L^1/2. the corresponding long run cost curve was found to be TC=(Qw^1/2r^1/2)/50. Use this information to verify that Shephard's Lemma works when deriving the input demand functions.
Describe (include an explanation of economic profit in your explanation). Will price be higher or lower under such the agreement in long-run equilibrium than would be the case if firms didn't collude? Discuss.
What is total ouput in the economy? What is the wage rate in the economy? How much does an individual consume in the economy
A firm sells specialized electronic computers. Each of the computers has a unique chip produced at a California plant at cost of Cw(Qc)=Q^2 c
Ashenfelter proposed a method to estimate the causal effect of education on income based on the Vietnam draft lottery. The table below shows the average education and annual salary of two groups of men: those born on September 7, 1950, and those born..
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