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Question: Suppose that there is a natural disaster that destroys part of the nation's capital stock.
A) Determine the effects on aggregate output, consumption, employment, and the real wage, with reference to income and substitution effects, and explain your results.
B) do you think the changes in the capital stock are a likely cause of business cycles? Explain with reference to part A and key business cycle facts.
What is the formula for measuring the price elasticity of supply? Suppose the price of apples goes up from $20 to $22 a box. In direct response, Goldsboro Farms supplies 1200 boxes of apples instead of 1000 boxes
Describe several different fixed costs and variable costs associated with operating an automobile - How is the restaurant able to differentiate between the short run and long run
Barney decides to quit job as a corporate accountant and go into business for himself as a certified public accountant, What are Barney's monthly explicit costs
Welcome to Accenture, we are happy to have you join our public sector consulting arm. The Senate Banking Committee is considering a limit placed on what automated teller machine (ATM) owners can charge in terms of usage fees. Currently, the n..
What are the equilibria for the previous differential equation and What are the equilibrium points for y' = -1?
What impact would this move have on the profits of all three firms? Explain your reasoning. Would these firms have been better off in terms of profit if they all had raised the price to $70? Explain.
Do you think divided government is preferable to unified party control? My state is South Carolina. Why or why not?
The total cost of a firm is given as C(Q) = 0.2Q3 - 0.5Q2 + 300Q +100 the current level of production is 10 units. If the firm plans to increase its level of production to 10.1 units estimate the change in the total cost of production
Studio 1 and Studio 2 are movie producers. They have the option of producing either a romance or a suspense film. If they both produce a romance film, they make $900m in profit. If they both produce a suspense film
Q#1. Homemakers are not included in the employment or labor force totals compiled by the Bureau of Labor Statistics household survey. They are included in the working-age population totals. Suppose that homemakers were counted as employed and include..
Now, calculate India's 2001 purchasing power parity GDP valuing India's 2001 output using 2001 US prices (Equation 2.5 from the text). Is this value larger.
Write down a five paragraph introduction detailing the purposes and activities of the organization. Consider whether there're any groups opposed to them and why.
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