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Do you think our government should focus on the long run or the short run? Why do you feel that way? How do you think policies would change if the government focused only on the long run?
Consider a market containing four firms, each of which produces an identical product. The inverse demand for this product is p = 100 ? Q. The production cost for each firm is identical and given by C(qi) = 20qi , i = 1, 2, 3, 4. This means that for e..
If the demand for a good is elastic with respect to its price, then a
You run a small business that uses both capital and labor to produce your output. The machinery (capital) has a marginal cost equal to $25 per hour and a marginal product equal to 50 units per hour. Assuming that is the only cost for labor, how many ..
The marginal revenue is about $4, it costs them about $5 to make another unit. Per unit variable costs are about $5 per unit.
Discuss a real world example that could, or has already, caused a shift in either the AD (aggregate demand) or SRAS (short run aggregate supply) curves for the US economy, or some other country.
Which of the following would cause the market demand curve for a good to shift?
If you don't roll a 1 (1c), you randomly select 1 chip from a bowl containing 7 red (R) and 3 white (W) chips. What is the probability of obtaining a white chip
Give the pro's and con's and describe what situation each of your chosen firewalls is best for.
q1. during a coffee-room debate among several young mbas who had in recent times graduated among all one of the young
Define the "Stateless Corporation" and give an opinion of what could be the nature of large MNCs in the next 25 years.
When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. Some unemployment will be present even when a dynamic labor market is operating efficiently. When full employment is present, the rate of unemployment..
One year of life is then worth a little less than $67,000. Actually, if you are talking of Quality adjusted life year, your last calendar year might be worth considerably less than one quality adjusted life year ignoring that. They can’t spend more t..
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