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Is it possible for the employ rate of a nation to fall even if the nation has no new jobs that are being created?
Illustrate what do you think would occur when there is little or no competition is a marketplace
If the margin is greater than the average, what can we say about average and margin? Diminishing marginal returns to labor. What is the general relationship between AVC, ATC, and MC?
What is the difference between an induced expenditure and an autonomous expenditure in the Aggregate Expenditure model? Include a drawing a "typical" aggregate expenditure function. Label each axis. What does the intercept represent? What does the sl..
Suppose the economy has a natural rate of unemployment of 6%. Suppose short-run output over the next 4 years is +1%, 0%, -1%, and -2%. According to Okun's law, what unemployment rates would we wxpect to see in this economy?
A student has a budget of $200 for their meals outside of the home per week. One possibility is purchasing a meal at a restaurant, which we will call x1, and which costs $20, and a second possibility is purchasing a meal at the school cafeteria, x2, ..
GM is opening a dealership in the Germany, they want to make sure they can make a rate of 20% rate of return that is promised by an alternative investment. The initial $600K investment in mechanic shop materials has an economic life of 4 years, and w..
A firm has estimated that the demand for its product comes from two types of customers, type I and type II. Each type I customer -there are 30 of them- has a demand curve given by Q = 20 - P, while each type II customer -there are 50 of them- has a d..
q.consider two countries japan and korea. in 1996 japan experienced relatively slow output growth 1 while korea had
M-Pesa in Kenya has significant network effects (it becomes more valuable to participate as the number of people grows that use it) across several sides or dimensions. Select the side/dimension that is least dependent on the network effects of the M-..
The production possibilities frontier model shows that
Draw a few of her indifference curves, and show her optimal choice. How many left shoes and how many right shoes does she buy?
a change in populationassume a one-time decrease in population possibly caused by an onset of disease or a sudden
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