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How can there be any economic gains for a country from both importing and exporting the same good?
Firms have excess capacity in the long run under: The firm that uses a price taker is: In the long run, which type of firm may follow "price leadership"? Under perfect competition, in the long run, firms:
Derive the aggregate demand curve and plot it to scale. Show all of your work. Calculate the effect of an increase in government spending on GDP. Is the effect larger or smaller than in the case where consumption does not depend on the interest rate?..
What is the immediate impact of this transaction on the money supply? Explain. Suppose that the reserve requirement is 10 percent and banks voluntarily keep an additional 10 percent in excess reserves. Calculate the following: The maximum amount by w..
Use a graph of supply and demand under perfect competition to show a situation where the consumer price increases by exactly the amount of a specific excise tax paid by the producer
The sales manager for ABC Electronics wants to maximize his profit on the sale of two portable media player models, JVD-2000 and MDP-72. The wholesale costs of these models are $310 and $100 per unit respectively. Find the optimal number of the two d..
Would you rather live in a period of inflation (plentiful jobs but hugely inflated prices, loss of value for the dollar) or deflation.
Suppose that the price of product A decreases from $27 to $14 and, as a result, the quantity traded of A increases from 175 to 210, the quantity traded of B increases from 65 to 100 and the quantity traded of product C falls from 505 to 400. What is ..
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
q.jake takes 40 minutes to fry a chicken and 2 minutes to toast a slice of bread. his brother elwood takes 20 minutes
Place a 95% confidence interval on the ratio of the variances LaTeX: sigma^{2}_{1}/sigma^{2}_{2}s21/s22.
Suppose the price level and the value of the dollar in Year 1 are 1.0 and $1.00, respectively. If the price level rises to 1.50 in year 2, what is the new value of the dollar? Assume that John Nash has $10,000 in his checking account and uses his che..
In 1988 the U.S. Congress extended the copyright protection to 95 years after the year of original publication for corporations. But copyrights holds for 50 years in Australia and 70 years in the European Union. Discuss how you as the book or music p..
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