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What are the factors that determine wages which are largely responsible for determining how the economy's total income is distributed among the various members of society and what is distribution of income.
Suppose Microsoft chooses to produce 80 million copies of software per year and sells copies of software to retailers at $199 per copy. Now consider problem of a retailer like Circuit City or Best Buy.
During the first 13 weeks of the t.v season the Saturday evening 8:00pm-9:00pm audience proportions were recorded as ABC 29% CBS 28% NBC 25% and independents 18%. a sample of 300 homes two weeks after Saturday night schedule revision yielded the foll..
Assume that real output is fixed at Y ¯ = 300, consumption is fixed at C ¯ = 200, government spending is fixed at G ¯ = 30. Assume that the Investment function takes the following form I(r) = 75−r, where r is given in percent terms (i.e., r = 2 signi..
You are an economic consultant for Farmer Perk, who produces raw cotton and sells it in a perfectly competitive market. Illustrate what is Farmer Perk's profit-maximizing level of output.
Suppose that increased international trade makes product markets more competitivein U.S., would we expect to observe an upward slope on the WS curve or the PS curve
q. two soft drinks sit side-by-side in a grocery store a six-pack of coca-cola a brand name sells for 3.00 while a
A "winner-takes-all market" like that for entertainers exhibits huge differences between the top talents and the next tier of artists in all of the following aspects, except: The main purpose of antitrust policy is to:
Elucidate how that influences the marginal benefits and marginal. Costs associated with your decision to purchase a house.
A sports store puts designs 12 different designs on sweat shirts. Setup between each design takes an hour and costs $18,000. Once setup, at a cost of $8,000 they can produce 1,000 units. Does this production exhibit scale economies or scope economies..
Write down the decision box which combines the letter grade and the amount of fun you have into a single payoff for each outcome.
Assume that Consumption decreases by $25 million, Investment increases by $10 million, Government Purchases increase by $60 million, Exports decrease by $30 million and Imports decrease by $55 million. What is the net change in GDP in $million?
If demand decreases and supply increases simultaneously then for sure. Which of the following will increase the demand for chicken?
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