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If all wages and prices increased by 20% would you be better or worse off. Could you purchase more goods? Do you prefer inflation and high employment or lower prices Deflation and higher unemployment?
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in a country output is produced with labor and physical capital. the production function in per-worker terms is y k12.
Preserved in an economically efficient scenario?
what is a consumption function? describe the graph of a consumption function and explain its shape. if total spending
1. suppose that the long-run world demand and supply elasticities of crude oil are -0.906 and 0.515 respectively.
As a manager of a firm you find the marginal cost of the firm to be $10 and the fixed cost $100. For the range of prices that you are planning to charge, own price elasticity of demand is believed to be –1.25. Compute the optimal (profit maximizing) ..
Assume you are a broker at an investment advisory company. You and your client disagree on investment decisions he wants you to make decision on his behalf
describe both quotas and tariffs. how do they impact domestic prices and deadweight loss? how does an import quota
suppose the business operations have now changed from the market structure analyzed in the activities required for the
the total relevant cost of holding inventory in a plant for purchased materials is given trc 6000q60 plus 0.3012q2
A patent gives a firm a monopoly in the production of the patented good. While monopoly profits provide an incentive for firms to innovate, the monopoly power imposes a cost on consumers. Why do consumers bear a cost from that monopoly?
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