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What is the difference between growth rate of efficiency and level of efficiency?
How should a monopsonist decide how much of a product to buy? Will it buy more or less than a competitive buyer? Explain briefly.
Primary, assume all retailers sell the basic version of Vista also Circuit City were to raise the price at which it sells Vista.
Suppose that consumption spending accounts for about 60 percent of GDP on average, while investment and government purchases each account for 20 percent of GDP on average. What will happen to real GDP in 2018, and what are the contributions of consum..
What is globalization (please define it both as a process and outcome)? What factors can you identify in explaining why globalization occurred? How do you assess its impact upon both rich countries and poor ones, in particular, the issue of inequalit..
Suppose you are the owner of a firm. You’ve optimized and determined that the cost function is as follows: C(Y) = 3000 + 0.5Y^2 - 20Y. What are the operating (variable) costs? At which quantity are operating (variable) costs minimized? At which qua..
One way to design a housing subsidy is to pay a certain percentage of a tenant’s rent, allowing the renter to shop for whatever housing the person thinks most appropriate. An alternative policy is to pay a fixed dollar amount toward whatever rent the..
Graph the functions (a) y=-x^2+5×-2 and y= x^2+5x-2. with the set of values -5
Suppose that nominal GDP in year 1 is 200 and nominal GDP in year 2 is 242. Assume that inflation is 10 percent per year. How fast did the economy grow between these two years?
What would happen to the demand curve of frozen apple juice if: An increase in the price of frozen orange juice, considered by many consumers in the United States as a good substitute for frozen apple juice.
San Francisco’s Chinatown is one of the mostly densely populated places in the world…and virtually everyone who lives there is of Chinese heritage. Chinese culture, traditions, and language are actively taught to children who live in the area; most r..
Suppose you are given the following Total Product Function: Q=100K^3/2 L^4/2 M^4/7,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Discuss the returns to scale.
What has been the likely effect of the Gramm-Leach-Bliley Act on financial? consolidation?
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