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Discuss the macroeconomic supply of labor. Under which circumstances would you expect zero elasticity with regard to the real wage? In the real world this elasticity more often than not differs quite a bit from zero. Is this compatible with the theory you have learnt in class?
Suppose your elasticity of demand for your parking lot spaces is -0.5and price is $20 per day. If your MC is zero and your capacity at 9am is 96% are you optimizing?
A descriptive essay on "What are the necessary ingredients for a nation to experience greater rates of economic growth, higher average standards of living, and a great ability to compete in the global economy? That is, what could the U.S. do to achie..
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there is a price floor of 2.94, what would be the consumer surplus in the market?
Which of the following hedging strategies involves a loan without a futures contract.
The higher the percentage of debentures, the greater the risk borne by each debenture, and thus the higher the required rate of return on the debentures.
A firm has two production processes with the following marginal cost curves:
Economists are strongly united in their belief that the stock market is
What are the functions of money? What is the difference between fiat money and commodity money? What are the two responsibilities of the Federal Reserve? Please explain how the three traditional tools of monetary policy work in terms of expansionary..
If the equilibrium real fed funds rate and the inflation target are 2%, actual inflation is 3%, and the output gap is –1%, find the real federal funds rate recommended by the Taylor Rule.
What are the five significant difficulties that policy makers encounter in making decisions? Advantages and disadvantages to communication tools. Be specific.
Calculate and interpret the own price, cross price, and income elasticity of demand.
The cost leadership approach implicates competing by having a lower cost than one's competitors
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