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Suppose one has an LS & LD linear equation. From the given equation, how does one get the the size of the labor force, level of employment and level of unemployment.
You are a member of an international ethics commission assembled by the World Trade Organization. Your team has been asked to assess the global tactics of Microsoft in recent years. A primary issue is whether Microsoft took unfair advantage of its po..
New gold mines are discovered in South Africa, a country which is an exporter of gold. These mines are immediately available for production.
a. Calculate Mike's TR, and TC for each quantity supplied. b. What will be the profit maximizing quantity of robots for Mike's Mechanical toy co. to supply?
Graph the demand curve D: P=300-11Q. What is the quantity demanded at a market price of $25? Why is the demand curve downward sloping? Explain how we go from an individual’s demand curve to a market demand give and graph an example.
Sally the Greek’s preferences can be described by the utility function U(x, y) = (2x1/2 + y1/2)2. What is equation for the indifference curve for a utility of 25? Holding utility constant at 25, if initially x = 4, how many additional (small) units o..
Suppose the following equations represent the demand and supply of a good: Qd = 400- 2P Qs = -50 + P Find the inverse demand-supply equations. Graph both the original and inverse demand-supply equations and highlight their differences (slope, interce..
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
Select an economic problem or theory and discuss how dummy variables could be applied. Determine the value that dummy variables would add to your analysis (think outside the box on this one avoid obvious examples like gender, race, etc.).
Using the National Income Account, and graphing the market for loanable funds, Draw the Demand and Supply curve for loanable funds such that the equilibrium interest rate is 3% and the equilibrium quantity of loanable funds is $10 trillion. Describe ..
When an economy is at full employment, the Production Possibilities Frontier illustrates which Principle of Economics: A. Prices rise when the government prints too much money. B. Trade can make everyone better off. C. People respond to incentives. D..
Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) the home country’s consumers of Y, (ii) the home country’s producers of Y, and (iii) the home gover..
How do/can you assess the size and/or growth rate of the Health Care industry relative to the national economy.
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