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At a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1.0). So how many popsicles will be sold each day in the short run if the price rises to $2 each?
What is seignior age? In what sense is it an inflation tax? What are shoe-leather costs? What are menu costs?
TLC Lawn Care, Inc. provides fertilizer and weed control services to residential customers. Its seasonal services package, regularly priced at $250, includes several chemical spray treatments. As part of an effort to expand its customer base, TLC..
Someone prepare the claim that immigration must always be good for the economy because the increased supply of labor will result in a higher GDP.
Find the market price and total output level. How does the monopolist allocate its production between plant 1 and plant 2
Elucidate the risks inherent in having the government step in to compensate for market failure.
Make an analysis by answering questions below. Suppose that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place:
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
Choose an organization that has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization. How has the Internet changed this balance for organizations?
Explain how does that rate compare with the rate in the previous month. What were the unemployment rates for adult men, adult women, teenagers, blacks, Hispanics, and whites.
Find the aggregate MAC function when E ranges from zero to 10.
The more the competition among the sellers, the less the producer surplus enjoyed by the producers do you agree with the statement.
As an employee of World Bank you've been asked to research the needs of a country with a particular economic concern.
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