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What do we call the market value of all final goods and services produced within a country in a given period of time?
Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find that the price paid for a unit of labor is $20 (W = $20), and the price..
collect data on two indicators growth of gdp and investment as a share of gdp. present this data in two separate graphs
Consider the following situations. Evaluate how they would affect the level of productivity of labour.
Why would a country impose a quota instead of a tariff to restrict imports? and what is an optimal tariff? Give an equation for it. Why don’t countries use it more?
As an employee of the World Bank, you have been asked to research economic concern in a South American country and write a report
Explain one harm associated with unexpected inflation that is not associated with expected inflation. Then explain one harm associated with both expected and unexpected inflation.
Susie is at the grocery store buying milk. She has a choice between milk from Dairy A or milk from Dairy B. She doesn't actually care at all which dairy her milk comes from. (a) Draw a possible indifference curve for Susie between milks A and B.
Explain how much should it be willing to pay today for the office complex.
suppose that a consumer has a cobb-douglas utility functionuab a? b1-?where a and b are consumption of environmental
a. Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q. Then, the marginal revenue (MR) equation for this demand equation will become: MR = 560 - 0.048Q.
In what ways can the GFC be seen as being part of the business cycle and what are the possible longer term effects of the GFC?
A) Draw a graph illustrating this monpsonistic scenario with employer discrimination. Note employment and wage for black players and for equally talented white players. B) Explain why in this scenario both the employer and black employees are worse..
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