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Suppose there is an increase in the price of steel. We would expect the supply curve for steel beams to:
a. shift right.
b. shift left.
c. become flatter.
d. remain unchanged.
The annual income from an apartment complex is $20,836. The annual expense is estimated to be $2,463. The apartment complex could be sold for $144,351 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if y..
Why might failure to specialize explain why Neanderthal groups in difference areas did not trade?
q1. suppose the number of employed people in an economy is 121166640. the unemployment rate in this economy is 10.4
it can sell its output for $25 each. Illustrate what is break-Explain how your work both graphically and algebraically.
Two fi?rms compete in a duopoly market. Each fi?rm chooses a quantity and the price in the market is determined from the following inverse demand function.
q1. in the exhibit below explain how does the real wage rate at point c compare with the real wage at point a? explain
Wilson Company sells 130 units daily. Each time Wilson orders more units, the supplier takes four days to deliver the inventory. What is Wilson's reorder point (in number of units)?
In which directions are they pushing or pulling the U.S. economy? Also, do you think the gap between real GDP and potential GDP will widen or narrow?
Explain using a diagram how a tax cut in period two affects consumption in both periods. Assume that average consumer does not believe that he/she or anyone in family will ever have to pay higher taxes in future to offset current cuts.
Rent seeking:
Suppose that individuals in this economy invest 30% (use .30 in the graph) of what they produce; the labor force in this economy grows at 5% (use .05) per year; and 10% (use .1) of the capital stock wears out each year. Suppose that the capital labor..
Economists assume that firms seek to
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