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Identify changes in market conditions and their effect on equilibrium price and quantity for the following events:
Event 1: The wages for all dental assistants increase, increasing the costs of inputs.
Event 2: The government provides national dental insurance benefits for all U.S. citizens that cover 100% of the cost of all dental services. There are two effects of this policy. First, there will be an increase in the number of consumers of dental services. Second, there will be fewer dentists willing to provide dental services, resulting in some dentists removing themselves from the market entirely.
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
Every alternative has a value for bill as described in the subsequent. Illustrate what is bill's prospect cost for attending class
Suppose firm sets an entry fee plus per-unit price for each consume. It can tailor entry fee and per-unit price to individual consumer. Illustrate what are best (profit-maximizing) entry fees and per-unit prices for it to set. Illustrate what is t..
determine total project completion time and critical path for installing electrical wiring and equipment in residential houses. In addition, determine ES, EF, LS, LF and slack for each activity.
Should the firm produce? The firm should produce as long as the market price >= Average Variable Cost (AVC).
If the Federal Reserve has set the risk-free interest rate at 8 percent, Illustrate is the proper current cost of this investment.
Depreciation in the value of the Japanese currency in relation to the US dollar does not allow the Japanese firms to sell more in the USA marketplace.
compute the average cost function for skateboards. what shape does the graph of this function have. What is the average at this level of output.
Illustrate what is consumption also saving in each period, assuming no borrowing constraints
Illustrate what assumptions do you make in answering this question. Illustrate what distortions do you think would appear in economy if such a tax were introduced.
This deviation from the classical dichotomy and the Fisher effect is called the Mundell-Tobin effect. Explain how might you decide whether the Mundell-Tobin effect is important in practice.
Elucidate how much labor should the firm employ. What is the resulting output and profit.
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