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The rise in the labour cost increase the price of the Jacket and the quality of the supply remain unchanged.
Is this a violation of the law of supply? Explain.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Consider another policy where the government could impose a price ceiling p on the monopolist. If the government were interested in maximizing social surplus, what would be the optimal value of p when considered from the point of view of the gover..
What will the inflation rate be?
What I enjoyed about this course was the cc. The news links that were provided and the "let loose" forums that were provided.
Using aggregate demand, short run aggregate supply, and long run aggregate supply curves, describe the process through which each government policies will move economy from one long run macroeconomic equilibruium to another.
Suppose there are two factories that are currently emitting some undesirable pollutant into the air. Factory one has marginal abatement cost of MAC1 = 500 - 5e1 and factory two has marginal abatement cost of MAC2 = 1500 - 15e2, where e represents the..
we have established a relationship between net capital outflow nco and the trade balance net exports. during this
Suppose there is a temporary increase in Yw, world income, which increase the demand for domestic goods on the world market. On the graph of Output, Money and Foreign exchange markets show the short-run effect of Yw increase.
Suppose there are only two goods available to you, apples and oranges. Suppose that the prices of apples and oranges double and that your income also doubles.
Suppose the domestic demand and supply for bookends in a small open economy
Country B Apples=36 Bananas=15 1. Calculate the pretrade relative price of Apples in terms of Bananas. Relative price of Bananas 2. Which country has a compartive advantage in Apples ANd in Bananas
An agency is having problems with personal phone calls made during working hours. Each minute of a personal call costs the agency $0.50 in wasted wages.
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