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Explain the multiplier intuitively. Why is it that an increase in Consumption of $100 raises output/income by more than $100? Why is the effect of the multiplier finite?
"Oligopolies have a negative impact on income distribution." Do you agree or disagree? Provide justification for our response.
roberts new way vacuum cleaner company is a newly started small business that produces vacuum cleaners and belongs to a
The demand for tickets at each game is q = 100,000 - 6,000P. If the capacity of the stadium at that university is 40,000 seats, what is the revenue maximizing price for this university to charge per ticket? I already know the answer is $10. I need..
What is one long-run implication for monetary policy shared by both Quantity Theory of Money and the Natural Rate Hypothesis? When we are in a liquidity trap, monetary policy is weak and fiscal policy is powerful." True or False ? Why?
ms. smith the owner and manager of the clear duplicating service located near a major university is contemplating
what conditions exist when economic profits are maximized? what is the difference between economic and accounting
Draw the Circular Flow Model of a simple economy with the roles of firms, Households, Government and a foreign sector. In addition, identify the factor and product markets in this economy. Identify in the diagram the flows for all injections and leak..
Ray has $120 to spend on pizza in a week. There is only one pizza restaurant in town, and it sells two sizes of pizza: regular (R) and large (L). The regular has 20 square inches of pizza and the large has 30 square inches of pizza
the oil well maconda exploded in the gulf of mexico in 2010 killing 11 people and creating a huge oil spill. bp did not
Identify an example in which the competitive environment affected the relationship between labor and management. How was the relationship affected?
what are the two main investor preferences and how do they conflict? why does competition force firms to use the least-
A monopolist faces a demand curve given by: P = 40 -Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $2. There are no fixed costs of production.
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