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The difference between the number of workers employed if the economy was opera ting at full employment and the number of workers currently employed given aggregate expenditures is known as a. cyclical unemployment b. frictional unemployment c. structural unemployment d. unemployment is not possible in the short run macro model
Mel runs a business that sells earrings over the internet. Every year, she buys one computer for $1000, which is used exclusively for this business, and which has no resale value at the end of the year. A set of earrings costs her $6, including the c..
The relationship between Price elasticity of demand and Marginal Revenue can be shown to be: There are two types of customers that come to the Barnegat Fish Company to have their signature crab cakes: An affluent group with a price elasticity of dema..
I am looking at about 50 companies over a five year period. I need a measure for total shareholder wealth that is relatively easy to compute.
If this industry acts like a monopolist in the determination of price and output, compute the profit-maximizing level of price and output
Briefly explain why a change in the price of coconuts does not change the demand for coconuts and a change in the supply of coconuts does not affect the demand for coconuts.
Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2014, Susan adjusted gross income is $38,000 and Stan is $12,000 and both are self-employed. They also have $500 in interest income from tax-exempt bonds. The Co..
Choose any article from the newspaper, magazine or internet pertaining to macroeconomics (U.S. Unemployment). Express your opinion using first person singular case: I agree or disagree with the article either totally,partially or do not agree. Justif..
Define the Law of Supply? Keeping in view the Law of Supply, how the following factors will shift the supply curve? (Each answer must be supported by a neat diagram):
What is the principle-agent problem and how can it be avoided? What is the difference between explicit and implicit costs? What is the law of diminishing returns? What determines the U-shaped curve of short run production costs?
find out an expression for her marginal cost and her average cost per patch of grass as a function of the amount of grass she gets from every patch
Are monopolies and oligopolies (firms demonstrating power) always bad for society?
Joseph can initially produce 10 pizzas or 5 cakes. After some training from a pizza-making expert, his opportunity cost of making. (a) cakes will remain unchanged (b) 1 cake will become less than 2 pizzas (c) 1 cake will become equal to 1 pizza (d) 1..
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