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A firm's supply depends on the prices of the goods and of the materials used to make it:
1. The price of materials is. Find the optimal quantities to produce if the price of the good is and. Graph the supply curve.
2. Now the price of materials has changed. Find the optimal quantities to produce if the price of the good is and. Show the shift of the supply curve on a graph.
What is seignior age? In what sense is it an inflation tax? What are shoe-leather costs? What are menu costs?
What is the relationship between Long Run Aggregate Supply and Potential GDP? Why is it possible to exceed Potential GDP in the short run but not in the long
Assume Bubba is a risk-averse individual with a concave utility function. He has an 60% chance of being healthy and earning an income of $250,000. He has a 40% chance of being sick and having his income fall to $10,000. His utility is defined b..
Compute the elasticity of demand in going from 2 unit to 3 units. Is the demand elastic or inelastic in this range.
Discuss the long term strengths and weaknesses of the macroeconomy of Nigeria - Analyze the trade position of Nigeria and discuss the country''s comparative advantage.
In this discussion forum, identify a consumer product that has decreased in price and discuss the increase in consumer demand for this product.
Show the effect of declining unionization rates using the graphical labor market model. What happens to real wages and unemployment? Explain briefly.
Engineering estimates suggest that at those levels, the marginal product of capital will be 100 and the marginal product of labor will be 75. If the wage rate is $5 and the rental rate on capital is $10, is the firm making the right decision?
In an economy, autonomous consumption expenditure is $50 billion, investment is $200 billion, and government expenditure
What are the three sources of funding a national debt? Why are they all problematic? Why is foreign debt far more problematic for a country than domestic debt?
Describe the following cloud computing paradigms: Identify as Service (IDaas), Data Storage in the Cloud, and Collaboration in the Cloud. Include in your essay cloud-based storage solutions and provide real-life examples and how these assist busin..
How does the Bureau of Labor Statistics, Department of Labor, collect the data used to estimate these variables?
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