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If R and F both have 12 hours of labor that they can give to catching fish or goats, and R requires 1 hour to catch a fish and 2 hours to catch a goat, F requires 6 hours to catch a fish and 3 hours to catch a goat. They are able to trade at Pf=Pg=4. How do I sketch their individual PPFs and show their budget constraints after trade?
Elucidate why might an economist be skeptical of Billy's discrimination complaint. Billy works for the local piano-moving company part-time after school.
Solve for equilibrium real output and also solve for the equilibrium interest rate.
Explain how much profit will the perfectly competitive firms earn. Explain how much profit will the monopoly firm earn.
Derive an expression for average cost. Derive an expression for marginal costs.
Elucidate how do your previous answers change in the special case where money demand does not depend on the expected rate of inflation
How much deadweight loss does Great Reception causes when it restricts output and charges a price above marginal cost.
Assist on writing a 1 page paper on political also legal influences. A research paper- Illustrate what's economics issue or problem seen in behavior we observe in the world around us.
In which directions are they pushing or pulling the U.S. economy? Also, do you think the gap between real GDP and potential GDP will widen or narrow?
Elucidate the multiplier concept as it applies in this case also what are the qualifications and limitations of the m.
how fiscal policy can ‘stabilize' economy. What about government borrowing and public debt.
Why would your company have bid with a zero mark-up on some past tenders? Why didn’t it win all of those contracts?
Tomatoes grow well in Kansas. Why do the people of Kansas buy most of their tomatoes from Florida, Mexico, and California?
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