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Given a production Yt=(Abar)Kt^(1/3)Lt^(2/3) and K*=1000 and Abar=3/2. and also there are Labor=1000 workers who supply labor in elastically. What does the long run model say wage in this economy is?
Give a hypothetical/real world example of the MR=MC principle (Profit maximizing point). Explain what elements in example represents decreasing marginal revenue/benefit and what element represents increasing marginal cost.
Let us assume the economy reaches its long-run macroeconomic equilibrium in 2020. When the economy is in the long run macroeconomic equilibrium, the stock market will also reach its boom. Which curve will shift? Is it AS curve or AD curve? In which d..
the law of comparative advantage forms the basis of international trade.explain the above statement with reference to
say you are the manager of a perfectly competitive firm selling a product. your business is making a loss because total
Choco Delite is a manufacturer of fine chocolates. It's monthly rental expense is $1,000,000. It has 2 million in fixed labor costs. Its marginal costs are $.70 per chocolate bar
Since consumers' tastes are changing so rapidly, there is no reason to expect that statistical demand estimates derived from historical data will be accurate in the future.
Estimate the price Elasticity of demand for subway rides
why are trade agreements important for the various countries involved? how is international trade related to the u.s.
"If an unregulated monopolist is obtaining only a normal profit in the long run, it must not be operating at the lowest point on its long-run average cost curve." Do you agree? Why?
Two of the major macroeconomic measures that tell us how 'healthy' the economy is are "the unemployment Rate" and "the rate of Inflation".
Are e-books and textbooks complementary or substitute goods?
the largo publishing house uses 400 printers and 200 printing press to produce book. a printers wage rate is 20 and
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