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How is the original neoclassical assumption model for the labour market set up? How do you get the iso profit curve?
Who will gain and who will lose as a result of the higher taxes on steel imports and why was the steel industry at one time in favor of free trade?
The national accounts treat all government purchases of goods and services, G, as part of real GDP. But suppose that the public services derived from government purchases are an input to private production, say: Y = F
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
Suppose there are nine sellers and nine buyers, each willing to buy or sell one unit of a good, with values ($60, $50, $45, $40, $35, $30, $25, $20, $15). Suppose there is a single market maker in this market. What is the optimal bid-ask spread?
what are the uses of money? how do commercial banks and federal banks create money? is monetary policy conducted
It currently costs 500 dollars to install a new shower in your house. A new law requires each new shower to come with digital hot and cold water controls instead of old fashioned knobs that everyone uses today, installing the digital control costs th..
why do nations trade? what is meant by the concept of comparative advantage? could a nation be better off
What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?
Why are barriers to entry essential for a monopoly to exist? Which of the following is NOT an example of a barrier to entry for monopolists? To charge different prices to different individuals or groups of individuals is called: An industry in which ..
if a firm wants to maximize profit it will try to minimize the cost of producing a given output or maximize the output
While the prospect of adding an additional $1,200 to World of Videos's bottom line was enticing, the owner was also contemplating using the additional space to rent video games. What is the opportunity cost of using the unused portion of the b..
Outline a plan that will assess the effectiveness of the market structure for the company's operations
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