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The variables used to measure the economic growth is the labor and capital and the productivity. The amount of labor is measured by the number of employed workers and the number of hours they work. The labor force consists of the employed individuals are unemployed, but they desire to have a job.
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Most recommendations for dealing with bribery and corruption are economic in nature; for example raising salaries, increasing punishment, and stepping up surveillance. Are there other ways to deal with corruption and bribery from a broad, social p..
The inverse demand a monopoly faces is p = 100−Q+A0.5, where Q is quantity, p is the price, and A is its level of advertising. Its marginal cost of production is constant at $10 (no fixed cost), and its cost of a unit of advertising is $1. (a) Write ..
View "Trade-Offs and Opportunity Costs," located on the YouTube website. Share an example of your own experience in which you had to decide on an opportunity cost that would affect you. What outcome did the decision have on your economic situation?
Now suppose that, instead of a price ceiling, the government charges an excise tax of $3 per unit. Solve for the new equilibrium price and quantity after this tax is imposed, and the amount of revenue raised by the government.
Economics of Recycling- What steps can local businesses take to help improve the economic incentives for recycling? Is this occurring in your community?
You are applying for a position in your chosen career (please decide the type of position based on your career goals).
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software company Initech to provide the software for his website since their product required the least amount of specialized inves..
reduce period-one taxes to t1 = 2 without changing either g1 or g2. If this policy change is enacted, is it possible to numerically calculate the amount of tax collections that the government will require in period two.
What phenomena is causing such large desparities in the long run living standards between the two places in regards to compound growth rate?
Consider a box with width W, length L, and height H. Suppose you have to construct a box with the following constraint: W+L+H equal or less than 30. Suppose W has to be 12. What is maximizing volume of box? What should L and H be?
Assume an economy with a coal producer, a steel producer, and some consumers (there is no government). In a given year, the coal producer produces 20 million tons of coal and sells it for 5$ per ton. The coal producer pays $50 million in wages to con..
You own a car dealership in Chicago also are allowing for buying stock also have narrowed your choice to either purchasing stock in the Good Tires Company or American Bus.
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