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How do you use the supply and demand curve when trying to chose the right price for a certain good?
How do you think this will affect unemployment and inflation rate?
Which of the following do the GDP statistics measure least well?
What is meant by investment in human capital? Use this concept to explain wage differentials and the long run rise of real wage rates in the US. explain the difference between a bilateral monopoly and a monopsony. What trade theories do not help expl..
The non accelerating inflation rate of unemployment is the unemployment rate associated with ____ inflation and ____ unemployment:?
Suppose 100 identical firms produce in an initial competitive market: P=10-Q/200 and P=1+Q/200. How much would each firm like to produce at the price set by the cartel. What are the advantages and disadvantages of a cartel?
how will my answers change if supply was perfectly inelastic. If supply was perfectly elastic. If demand was perfectly inelastic. If demand was perfectly elastic.
The quantity theory of money states that the money supply (M), velocity of money (V), price level (P), and real GDP (Y) are related by the equation . According to this equation, if velocity and real GDP are constant and the Federal Reserve decreases ..
Consider a situation where a monopolist faces the foloowing inverse demand curve, p = 240 - 2q and constant marginal costs of MC = 40. Suppose that a regulator imposed a price ceiling on the monopolist of p = MC = 40. Suppose the regulator was suscep..
Differentiate process of creating money from minting coins or printing bills. Explain how the Federal Reserve System uses government borrowing to create money. Describe at least one other method by which new money can be created by any financial inst..
What kind of problems might occur when an American multi-national corporation tries to expand its business operations to China.
We all know that monopoly causes dead weight loss; therefore monopoly means a loss for the society. Now, if a patent gives a firm monopoly power. why does the government give out patents? Explain.
Compute the average revenue and the marginal revenue of a fully competitive firm and illustrate in diagrams both the curves of the average and the marginal revenue.
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