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Can you define the term and also explain the origins of the concept of GDP?
All else held constant, for which good is labor productivity greater? Assuming the same capital structures in both industries, which good will have the lower average per unit cost to produce?
Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725.
a monopolist faces demand given by p 100 - .4qd and has marginal costs given by mc 10 .2qa. draw demand marginal
The demand function for the product of a monopolistically competitive firm is given by P = 600e-0.08Q-Write the demand elasticity function E(P).
A percentage of chronic heart conditions
when a variable grows at constant rate then the graph of the ln of the variable is a linear function of time
What were the main agricultural developments over the last two centuries?
A firm makes and sells a computer for $1000. The variable cost to produce a computer, for the range of production of the firm, is $300 per unit. The total fixed costs per year to make the computer are $4.0 Million.
What happens to consumer surplus and what happens to total surplus assuming the government sells the consumer
BP did not own the deepwater horizon platform, but leased it from a company called Transocean. Would BP have paid more attention to safety if it owned,
A lithium cartel’s curve is given by P = 2400 – 40Q. Each member’s cost of supplying lithium is AC = MC = $400.
Society and economy have undoubted changed in many ways over the past 100 years. But do these changes add up to a fundamental change from the capitalist system of the 19th century? Discuss with reference to
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