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Many apartment-complex owners are installing water meters for each apartment and billing the occupants according to the amount of water they use. This is in contrast to the former procedure of having a central meter for the entire complex and dividing up the water expense as part of the rent. Where individual meters have been installed, water usage has declined 10 to 40 percent. Explain that drop, referring to price and marginal utility.
Elucidate what is the firm's cost function. What are its AC, AVC, and MC functions? Draw the AC, AVC, and MC curves.
Discussion on game theory concept, basic application for planning also how game theory is used to model behavior; types of games and how they are played.
Illustrate what Monetary strategy Tools should the Federal Reserve use to fight a recession. Describe them thoroughly.
The president of a small industry has been complaining to the controller about raising labor also material costs.
Explain how many histories/game tree nodes are there where P2 has to move? P1.
Whay Tara is leaving her current job, which pays € 56,000 per year, to start a new company that manufactures a line of special pens for personal digital assistants.
Compute the contributions to GDP of these transactions, showing that expenditure also income approaches give the same answer.
Where does the national unemployment rate stand relative to the Natural Rate of Unemployment
elucidate how the changes in the monetary policy effectiveness lag and the interest-rate multiplier affects how much and how long monetary policymakiers must change interst rates in response to any given demand shock.
Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labor used when q = 2.
A lump-sum tax causes the after-tax consumption schedule to be flatter than the before-tax consumption schedule
Illustrate what is the total cost of finding a new plot of grass and getting y units of grass from it.
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