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The reports iniccates that the current price of decontaminated blood is 80 per pint. However, if the new screening methods are adopted the demand and supply for decontaminated blood will change to Qd=175-P and Qs=2P-200. What price do you expect to prevail if the new screening methods are adopted? Explain how many units of blood wil be used in the US? What is the level of consumer and prduce surplus? Illustrate your finding in a graph
Explain why do we consider a business-cycle expansion different from long-run economic growth. Why do we care about the size of the long run growth rate of real GDP versus the size of the growth rate of the population.
Illustrate what does the area EBCD represent. Provide a full explanation of the concept that is shown in that area.
Illustrate what are some of the benefits also costs which contribute to your customer value from each of the subsequent products.
If salary and prices are completely flexible, then an unfavorable productivity shock would raise both the natural rate of unemployment and the actual unemployment rate.
Complete the International Trade Simulation. Elucidate how absolute also comparative advantage was used in your simulation.
Cameron visits a sporting goods store to buy a new set of golf clubs.
Small minimum efficient scale in assembly operations indicate high or low entry threat in the PC business
Suppose that the Indian government reduces its deficit and returns to a balanced budget. If other thing remian the same, how will the demand or supply of loanable funds in India change.
If the two firms could collude and agree on Explain how to split the total profits, Illustrate what outcome would they pick.
If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.
There are two identical firms in this economy with constant marginal costs equal to 1 and no fixed costs. Assume that firms set prices and follow a Bertrand model to do so.
Assume that this cost is set by an upstream wholesaler with monopoly pricing power.
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