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How do you balance the short-run tradeoff between inflation rate and unemployment rate?
If the marginal product of the 4th worker hired is 6, and the marginal product of the 5th worker hired is 4, you should not hire the 5th worker because your profit would decrease since the 5th worker’s marginal product is less than the marginal produ..
Say that the exchange rate between the U.S. dollar and the Melnik bop is expressed in terms of bops per dollar. All of the following will cause this exchange rate to rise, ceteris paribus, except for:
q. 1 are there any firms that are really true monopolies? that is there is absolutely no substitute for what the firm
Consider a facility that has a 30-year life, a replacement cost of $2 million, and an interest rate of 5%. Calculate the annualization factor. Show your work/ calculations using the formula. To implement the project, a new equipment is purchased at $..
One commentator suggested he knew the reason for China's success, writing: "On my visits to China I noticed the finished apartments were so poorly made that they will need to be replaced in less than 15-20 years. This is the secret to their economy. ..
In an aggregate expenditure model with no government or foreign sectors, represented by C = a + bY and I (an autonomous amount), an increase in the marginal propensity to save causes the multiplier to rise.
1.consider a macroeconomy was initially at equilibrium level of real gdp. using an aggregate demand and aggregate
To advertise or not to advertise Suppose that Creamland and Dairy King are the only two firms that sell ice cream. reamland will choose not to advertise and Dairy King will choose to advertise. Again, suppose that both firms start off not advertising..
Charles decided to open a lawn-mowing firm. To do so, he buys a mowing machine for $7,000 and gasoline ($2.2 in gas is needed to mow each yard) and pays a helper $25 per yard. Prior to opening the company, he earned annually $3,000 as a life guard at..
For each of the following events, use the subsequent graph to illustrate the short-run effect on aggregate supply and aggregate demand. Households decide to save a larger share of their income.
Two firms are ordered by the federal government to reduce their pollution levels. Firm A's marginal cost associated with pollution reduction is MC=150+3Q. Firm B's marginal cost associated with pollution reduction is MC=9Q. The marginal benefit of po..
Under the contract, Floyd promises to pay Evermore the amount that will be due Delany until his debt to Evermore is paid.
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