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Two economists, Lynch and Wyatt, are discussing the currently high unemployment rate. Lynch says that something ought to be done quickly since the economy may not be able to restore itself to full employment. Wyatt says that it is better to take a "hands-off" approach. Which of the following is most likely to be true? Lynch and Wyatt are both Keynesian economists with a few differences of opinion. Lynch and Wyatt are both Classical economists with a few differences of opinion. Lynch is a Keynesian economist and Wyatt is a Classical economist. Wyatt is a Keynesian economist and Lynch is a Classical economist.
Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. What is the price level? What is the velocity of money?
The government has decided to reduce the pollution also from now on will require a pollution permit for each ton of pollution emitted.
Which of the following products is manufactured through the process of customization? Arranging the physical location for the building, workspace, and equipment is part of: _____ has put pressure on supply chain managers to improve speed and balance ..
Mauricio has a circus act, and he has a budget of $720 to spend on monkeys and unicycles. The cost of a unicycle is $120 and the cost of a monkey is $90. Please graph Mauricio\'s budget constraint on the graph below.
Refer to the above graph for a profit-maximizing monopolist. At equilibrium, the firm will be earning:
What are some of the reasons why the government will need to focus on spending levels to stimulate the economy?
A pharmaceutical firm has a monopoly on a new class of vasodilator. The market demand is given by P=240-0.01*Q, and thus MR=240-0.02*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
The Singapore system and the Whole Foods and State of Indiana systems share the. low out-of-pocket expenses but not the forced savings accounts.
Show that the gross increase in profits from raising price by dp equals pqt(1 - tε). Recall that t = (dp/ p). Show that the gross decrease in profits from raising price by dp equals mptqε.
q1. describe how a developingemerging economy can benefit from trade with a wealthy country even if it has no absolute
In long-run competitive equilibrium, product price equals long-run average cost and also equals long-run marginal cost. Thus, economic profit equals $0. Please explain why firms have not incentive to exit the industry.
Calculate the elasticity of demand as a function of Q. Does firm's profit maximization problem satisfy the global SOC? Using your answer 1,2 question, what is firm's profit maximizing markup?
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