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Question
Jacinda is the queen of Dreamland. The economy of Dreamland is initially described by the following equations: C=150+0.6 YD I=250 G=200 T=200
Jacinda wants to increase GDP by 120. She hopes that by doing a government transfer to the people of Dreamland of an amount of "x" she can reach her goal. You are her economic advisor. Calculate the amount "x" so that Jacinda reaches her goal. Show your derivations.
Two countries, Canada and Japan, produce two goods, Phones (P ) and Phone Apps (A), using two factors, Skilled labor (S) and Unskilled labor (U). Phones are Skilled-labor intensive and Apps are Unskilled-labor intensive. Show how the PPF changes in e..
Acme Semiconductoris expanding its facility and needs to add equipment. There are three process tools under consideration. You have been asked to perform an economic analysis to select the most appropriate tool to acquire. You have gathered the follo..
Based on the Immigration lecture and the lessons on immigration in this unit, explain the costs and benefits of immigration. What other costs or benefits to immigration would you add to this list? What are some immigration policies that you agree wit..
If marginal cost is rising in a competitive firm's short-run production process and its average variable cost is falling as output is increased, then: A. average fixed cost is constant. B. marginal cost is below average variable cost. C. marginal cos..
Suppose there are 10 individuals who value a good at {$10, $9, $8, $7, $6, $5, $4, $3, $2, $1}. If the MC is $1.50, what is the optimal price? Calculate the number of units that are sold, total revenue and total profits. Calculate the optimal prices ..
Please help with f) and g) determined the correct answers consider the following economy.Derive the equation of the aggregate demand curve AD. [Hint: Replace the equilibrium interest rate in either the IS or LM function. This should give you the AD c..
Write a 1,050- to 1,400-word paper that uses two to three economic tools and concepts to evaluate a current issue or situation that exists in today's health care industry. Some examples of economic tools and concepts are supply and demand curves, ..
Consider a hypothetical economy without government or international trade. Households spend $0.90 of each additional dollar they earn and save the remaining $0.10. Even when they have no income, they spend $100 in total. Firms plan a total of $150 in..
Prepare a power point presentation on networks and networking suitable for work areas for the company you are currently employed in.
Drawing on what you have learned so far, what type of products or business would survive in a recession? Please discuss individual behavior theory in support
Using the AZELLA module as a source, write a reflection that addresses the following questions:
A price taking firm chooses its inputs to maximize short-run profits. Its Cobb-Douglass production function has the following form: q(L, K) = L^(1/2) K ^(1/3). Set up the profit function in terms of labor only. Another price taking firm chooses its i..
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