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1. Does neoclassical economics focus more on long term economic growth or on recessions? Explain your answer.
2. Does neoclassical economics view prices and wages as sticky or flexible? Why?
3. Does neoclassical economists tend to focus more on cyclical unemployment or on inflation? Explain briefly.
Some of the production of an economy creates pollution illustrated by the move.
Given your answer above, what is the Habsi's opportunity cost per acre. Illustrate what is the total economic cost per acre for your answer.
The federal government provides a number of subsidies to the oil and gas industries. In defence of the subsidies, a spokesman for the industry observed “some alleged subsidies don’t even go to the industry.”
If the marginal product of the 4th worker hired is 6, and the marginal product of the 5th worker hired is 4, you should not hire the 5th worker because your profit would decrease since the 5th worker’s marginal product is less than the marginal produ..
Some people are saying which majority of the budget deficit are funds which some branches of the government owe to other branches.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Using the Lagrangean Multiplier method, determine how should the hardwood be allocated between the two lines of product so that total profit can be maximized. Also calculate the optimal amounts of Y and Z and total profit from each product line.
Compute the elasticity of demand when the price of a deluxe cheeseburger raises $2.50 to $3.00 which causes sales to fall from 175 deluxe cheeseburgers each day to 125 deluxe cheeseburgers each day.
Suppose that Congress passes a constitutional amendment requiring the U.S. government to maintain a balanced budget at all times. Thus, if the government wishes to change government spending, it must always change taxes by the same amount, that is "G..
Calculate Anthony his explicit cost for operating his consulting firm for a year?
Describe who bears relatively more of the burden of the tax, producers or consumers and illustrate your answer with a diagram.
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.
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