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Briefly explain why hours worked by the representative consumer might increase, decrease or stay the same when the real wage increases. Organize your answer around the income and substitution effects of a change in the real wage rate. (A graph might be useful to understand/present the effects of a real wage change)
Illustrate what is the present rate of unemployment and the current rate of inflation
Illustrate what would you like to see done by the Federal government which would be of help to your organization
a) Assume that in 2010 M=$15,000 and Pr=$20. Solve algebraically to determine the 2010 equilibrium price and quantity of widgets b) Now assume two events occur: income drops to $13,000 and supply conditions change such that Qs=50 + 3P. Solve algebr..
You are the owner manager of a perfectly competitive firm that manufactures house paints. The industry is in a long run equilibrium. Each firm's long run cost curve is given by TC=36Q-10Q^2+Q^3.
In a closed economy the marginal propensity to consume is .60 and the marginal propensity to invest is 0.10. What is the size of the multiplier?
How could you estimate the net welfare loss (deadweight loss) from such a diagram?
In the class, we discussed the Paradox of Thrift argued by John Maynard Keynes. According to the argument, even if many household decide at the same time to increase their saving, the total saving will not increase in the long run, while it leads ..
Calculate the de Broglie wavelength of an electron moving at 2340 m/s speed. (e mass = 9.1 × 10-38 g)
Review the textbook readings, presentations, and lectures notes reflecting on the positions of Martin Luther, John Calvin, and Richard Hooker. Construct your answer into the following 3 parts:
Describe the characteristics of the lattice organization at W.L. Gore as described by Gary Hamel Which elements in Gore's model are compelling to you. Which elements of the Gore model are least compelling to you
the comparison of the percentage of change in the one variable divided by the percentage change in the other variable. An analytical technique utilized to show best case scenarios of demand and supply curves.
Find the solution using the mathematical equivalence formulae (such as F=P(1+i)n), substitute and solve (with your calculator - not with the tables) for the final answer? Solve by using the proper equivalence expressions (such as F = P(F/P, i, n))..
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