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Question about Perfectly Competitive Firm
Could a labor union or a minimum wage law efficiently help to raise wages, increase employment, or improve working conditions in a firm that is: a) a perfectly competitive firm in both the product market and the resource market? Explain.b) an imperfectly competitive firm in both the product market and resource market?Explain.
Illustrate what can you say regarding your price elasticity of demand of apples
Explain poor benefit from growth. Illustrate what kinds of policies are required to reduce the magnitude and extent of absolute poverty.
Assume the government proposes to tax these benefits at the same rate as other types of income. What is the impact of the proposed tax on the optimal retirement age.
Describe the creation of money from excess reserves and multiple deposit expansion in banking system. How does the multiplier affect the supply of money?
Elucidate is the fiscal policy expansionary or contractionary.
Economists says as if economic growth is necessarily a good thing, many question the sustainability and even the morality of ever increasing economic growth.
Compute the cross-price elasticity of demand between goods X and Y at the given prices.
Explain how the below game should be set-up, played and solved a consumer decide.
Describe how the indicator was created and its current value. What does this key indicator say about the current economic condition.
Price benefit analysis of an irrigation project describes the ratio of the discounted current value of benefits to costs is less than one.
Explain how does the availability of substitutes affect purchasing decisions.
Elucidate the significance and implications of various economic theories pertaining to profit, consumer choice, demand and supply, forecasting and optimization.
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