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Consider the following statement. "Winter ice storms that sometimes hit Chicago are good for the economy. They create many jobs to remove downed limbs and replace trees and bushes." Do you agree that ice storms are a net benefit to the economy? To answer, consider the opportunity cost; what was forgone by having to do all the repair work.
When the Economy is at the point of Full Employment, is the Unemployment Rate zero percent.
Are cyclical fluctuations necessary for economic growth?
How long will this discount change the consumer surplus and producer surplus? Will Big Top be more efficient by offering the discount to children?
As an economist working at the International Monetary Fund, you are given the following data for Brazil: predicted per capita GDP, relative to the United States, as given by y = k1/3, is 0.56, and total factor productivity is 0.36. What is the observ..
By choosing to right of mid point but to left of republican agenda democrats would get more than half of votes and win What happens if democrats have a fairly socialist party agenda and locate to left of midpoint.
Jim sees commuting by bus and T as perfect substitutes (U = T + B), that is, he would exchange one commute by bus for one commute by T. The price of a bus ticket is $1.50 and the price of a T ticket is $2.00. Jim has $6.00 to spend on commuting. Grap..
q1. you have an opportunity to invest in a new plant. the fixed costs are 100000 per year. the marginal cost of
Draw the isocost line corresponding to a total cost of $10,000 is: 50 L + 100 K. TC = w L + r K, where L is the quantity of labour, K is the quantity of capital, w is the price of labour, and r is the price of capital. And draw the isoquant curve on ..
Where individual meters have been installed, water usage has declined 10 to 40 percent. Elucidate that drop, referring to price and marginal utility.
All farmers in Trivialand are self - employed and sell all of their wares to Super Duper. Elucidate the costs incurred by all of Trivialand's busines.
A perfectly competitive firm faces a:
a company makes a decision to expand its production line that requires initial investment of 100000. the company
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