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Assume that, from an initial consumer equilibrium position, price of good X falls while the price of good Y remains the same. Using indifference curve analysis, explain how and why the consumer's relative consumption of the two goods will change.
Describe the productivity change for every category also then determine the improvement for labor-hours, the typical standard for comparison.
As per what circumstances would the net welfare loss from an import quota exceed the net welfare loss from an equivalent tariff.
Assume France has a Gini coefficient of .4, and Germany has a Gini coefficient of .3. Which of the following conclusions are we able to make with this data?
How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
Illustrate what has occurred to change the demand for, or the supply of, the good or service, and market prices of those products or services.
Explain how will unskilled workers adapt to a workplace requiring more skilled workers and fewer unskilled workers.
Illustrate which tool is used most frequently. Illustrate what are two limitations on the money expansion process.
Elucidate Susan's analysis and recommendation. Include the equation in your analysis and find the school's elasticity coefficient.
Problem on standard deviation
The market for hog hats is competitive and demand is given through P=75-Q while supply is given by P=15+2Q. Determine the equilibrium price and quantity in this market?
What is the value of the money multiplier? What is the value of the nomial money supply? What are the nominal values of deposits, currency and reserves?
Assume that, in a perfectly competitive market at the profit maximizing quantity, the market price is greater than average total cost.
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