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In about 200 words briefly describe the importance of the law of diminishing marginal utility.
Your work should grammatically correct and free of plagiarism. This assignment is worth 10 points of your cat.
Since all economies are faced with scarcity, how might nations attempt to minimize the human hardship associated with scarcity Try to use concepts seen in this unit such as production possibilities frontier, comparative advantage, circular flow, e..
Ralph came to you, his lawyer, for advice and redress. He tells you his story and asks what he can do. You patiently explain to Ralph there are two theories of sexual harassment to pursue. What are they? And what are the elements of each theory..
Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken and the price of each bucket of chicken was $10. In 2005 the price per bucket of chicken was $20 and 25,000 buckets were produced.
What impact will an unanticipated increase in the money supply have on real interest rate, real output and employment in the short run? How will expansionary monetary policy affect these factors in the long run? Explain.
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in conditions in China and east Asia of late, but stronger US growth. Key comm..
write a paper on unemployment. the paper should be professionally prepared with all graphs computer-generated using
Why might a firm operating with one plant achieve MEPS and yet not be large enough to achieve MES? (Clue: are all economies of scale achieved at plant level?
1. a firm has 1000000 in sales a lerner index of 0.65 and a marginal cost of 35 and competes against 1000 other firms
Find out an article on decreased consumer spending, list the name of the article and provide the link to it.
The Federal Reserve may buy government securities in open market operations in order to increase the money supply and encourage economic growth?
Suppose the function U(x)=ln(x) where x is consumption represents your preference over gambles using an expected utility function. You have a probability δ of getting consumption xB (bad state) and a probability 1-δ of getting xG (good state).
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
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