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A movement along the demand curve to the left may be caused by:
a) a rise in income.
b) a decrease in supply.
c) a rise in the price of inputs.
d) a fall in the number of substitute goods.
Select an economy that initially has a labor force of 2000 employees. Of these employees, 1900 are employed and each works forty hours per week. Ten units of output are produced by each hour of labor.
The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue. Since most bidders are large telecommunications co..
Discuss the components of Gross National Product? How does it understate aggregate production in Third World countries where substantial economic production may be consumed directly
Brian and Allen are thirty years old with identical academic records and job history. Both currently have jobs paying $40,000 each year.
Gaston Piston Corporation has yearly sales of $50,735,000 and maintains an average inventory level of $15,012,000. The average accounts receivable balance outstanding is $10,008,000.
Why might a perfectly competitive firm continue to produce in the short run, even though the market price is less than its average total cost?
Calculate the Herfindahl index with the following data on market share: Breyer's 20%, Haagen Dazs 15%, Ben & Jerry's 12%, Edy's 17%, Healthy Choice 10%, and X Store brand 26%. 78 100 1778 1834
Use both an individual's indifference curve and budget line, and the aggregate labor supply curve to explain and illustrate your answer.
income from the mining of mineral deposits usually decreases as the resource becomes more difficult to extract.
Which bond would you expect to pay a higher interest rate? Explain why.
A movie production company faces a linear demand curve for its film, and it seeks to maximize total revenue from the film's distribution. At what level should the price be set Where is demand elastic, inelastic, or unit elastic Explain
Show how to find equilibrium in an RC model? What is the relationship between the marginal rate of substitution between leisure and labor and the marginal product of labor in the RC model.
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