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How does unemployment level shift of move along the PPF?
NEED SOLUTIONS FOR PART B AND C. A market is characterized by a demand curve that can be expressed as P = 96 – (1/3) Q. Each of the firms currently serving the market has a total cost function of the form C = 12 q so MC = ATC = 12. There are no fixed..
In 2014, the average debt for college student loans is $28,700. This amounts to a $330 monthly payment for a “standard” loan repayment plan over 10 years. What monthly interest rate is being charged on this typical student loan?
supposed short run inverse demand in a monopolistically competitive market is represented by px18-0.2x. cost is given
The 2010 oil spill in the Gulf of Mexico caused the oil firm BP and the US government to greatly increase purchases of boat services, various oil-absorbing materials, and other goods and services to minimize damage from the spill. Explain how your an..
Which of the following is a rate that should theoretically serve as a floor for the Fed funds rate? A dealer is said to be running a "matched book" if. An increase in the supply of reserves in the banking system leads to an increase in the Fed funds ..
The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week the supermarket can buy..
Welfare is a contentious topic in America, but it’s just part of the overall budget process. In essay form, explain how the federal budget is divided. Which of those categories fluctuates (give an example) and which is fixed?
Compute the quantity of good X demand for the given values of P, M, and Pr. Calculate the price elasticity of demand E. At this point on the demand for X, is demand elastic, inelastic, or unitary elastic? How would increasing the price of X affect..
Compare the elasticity of a monopolistic competitor’s demand with that of a pure competitor and a pure monopolist. Contrast the two market models in terms of productive and allocative efficiency.
Define communication and expand on why it is important to communicate professionally in the business arena. In a second paragraph, explain how communicating professionally, helps you to improve your professional competency.
Explain why it is important for a firm to know it's efficient scale of production and how a firm determines its efficient scale of production. Explain how a market with no barriers to entry or exit results long run economic profits equaling zero.
For a child i living in a particular school district, let voucheri be a dummy variable equal to one if a child is selected to participate in a school voucher program, and let scorei be that child’s score on a subsequent standardized exam. If you run ..
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