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(a) Describe some methods of project pricing in the construction industry.
(b) Because the construction industry has a preponderance of small firms and does not have the economies of scale that many manufacturing firms do, does this mean that the construction industry is necessarily inefficient? Discuss and justify your response.
Determine what the maturity date should be so that the purchaser may enjoy a 12% nominal rate of return on this investment.
If the price ceiling or price floor is ineffective, are the new consumer surplus, producer surplus and quantity supplied equal to the ones in a free market
Discuss and explain the following questions using knowledge about the dynamics of Aggregate Demand and Aggregate Supply Model. What is the cause of the 2007-09 Great recession? What happened to aggregate demand and aggregate supply model during this ..
Discuss binding price ceiling and binding price floor with an example. Your answersmust companytwo diagrams, one for each. Youare allowed
Consider an economy with the production function Y = L^(1 / 3). Derive the Labor demand Curve. Assume M s = 45 and k = 3 . What is the equation of the aggregate demand curve for this example? What is the price level? What is the nominal wage level.
A cost analysis is to be made to determine what, if anything, should be done in a situation offering three "do-something" and one "do-nothing" alternatives. Use a 10-year analysis period for the four mutually exclusive alternatives. At the end of Yea..
Imagine the economy is slipping into a recession. What would a Keynesian advocate and why? Compare this approach to adjusting the discount rate to affect the money supply.
Define the “natural rate of unemployment” and show that its two equations are equivalent. What are its causes and what is its significance for public policy? Define “structural unemployment” and explain its causes. Use a labor market diagram to show ..
Elucidate relationship among production curves average product and marginal product also cost curves average variable cost, average total cost and marginal cost.
Consider an economy where population growth is 0, but technology growth is positive and equal to g. Suppose that the depreciation rate decreases. i. Use graphs to illustrate how the steady state and the golden rule change. ii. What is the effect on t..
What do you make of Rawl's assertion that "... social and economic inequalities, for example inequalities of wealth and authority, are just only if they result in compensating benefits for everyone, and in particular for the least advantaged members ..
Suppose E-Mobile purchases every gas company in the world and set their prices. Then it would have a control of the gas market with no other competition. Thus E-Mobile becomes a monopolist in providing gas. The market demand curve faced by E-Mobile i..
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