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Explain the long-run effects of the guiding function of price.
With this type of externality, in the absence of government intervention, the market equilibrium quantity produced will be (Greather/less) than the socially
If you were the Prime Minister of the United Kingdom, in terms of cultural identities. What do citizens of your country (united kingdom) have in common with the migrants? Is there pressure (economic, political, religious) on your to accept migrants i..
This is a follow-up discussion to the Unemployment in Your Hometown Assignment.
Suppose there are nine sellers and nine buyers in a competitive market, each willing to buy or sell one unit of a good, with values
Suppose that one firm is the only employer of a certain labor service (i.e., the firm is a monopsonist). Assume its MRPL is given by L= 11 w and the labor supply is L = W. What is the wage paid and the number of labor hours hired by the profit maximi..
The long-run average-total-cost curve shows. Total fixed costs generally decline as output is increased. Average total costs tend to be U-shaped. As output increases, average variable costs converge to average total costs.
A developmental psychologist hypothesized that children who are reared in families where more than one language is spoken will have higher abstract reasoning
Using the IS-LM model, comment on whether the statement is true or false. Support your answer with necessary diagrams
What do you need to do to handle crisis. SLook at mistaken assumptions described. Why do such assumptions arise, and what can be done to overcome se biases.
What is "natural" about the natural rate of unemployment. Why might the natural rate of unemployment differ across countries?
If the firm's after-tax interest rate is 9%, which alternative has the lower EAC and by how much?
What is the principle-agent problem and how can it be avoided? What is the difference between explicit and implicit costs? What is the law of diminishing returns? What determines the U-shaped curve of short run production costs?
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