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Suppose that during a given year, the quantity of U.S. real GDP that can produced in the long run rises from $17.9 trillion to 18.0 trillion, measured in based-year dollars. During the year on change occurs in the various factors that influence aggregated demand. What will happen to the U.S. long-run equilibrium price level during this particular year?
What is the value of consumer surplus? What is the value of the deadweight loss created by this monopoly?
Suppose there is a fixed amount of capital K¯ = 10. Find the short run cost function CFK(q) when the wage is 6 and the rental rate of capital is 3 for a firm whose production function is F(K, L) = K^(3/5)L^(2/5). What is the elasticity of substitutio..
It is expected that the price of a bushel of wheat will increase in one month.
Devise a hypothetical business situation in which buying a look back.
In which of the three market arenas is each of the following goods traded?
for five countries of your choice collect the gdp per capita from unstats.un.org any year and countries you like where
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..
Multichannel customer management is “the design, deployment, and evaluation of channels to enhance customer value through effective customer acquisition, retention, and development” (Neslin et al. 2006). Are there any differences in the way multichan..
Leaders generally want followers who can bring up issues or concerns in a positive way that leaves room open for change. Can you think of a time you had an opinion that ran contrary to your leader's thoughts? How did you express it? How was it receiv..
David Crockett intended "Advice to Politicians" to be humor but it illustrated the truth that people must be motivated to come out and vote. Andrew Jackson's "Bank Bill Veto" also motivated voters but used a different method. What was it about Jackso..
The Occupational Safety and Health Administration (OSHA) promulgates safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like. Analyze the possible employ..
What is the equation of the demand curve if consumer incomes are$30,000, the price of good Y is $10, and the price of good Z is $20? Graph the demand curve that you found in (b), showing intercepts and slope. If the price of good X is $15, what is t..
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