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What is the term for a table that shows the relationship between price of a good and quantity supplied?
If the marginal cost is $10 per unit, what is the firm's monopoly-optimal price?
Explain how banks are financial intermediaries. What are reserves? What are excess reserves? Explain how the Fed can affect the quantity of excess reserves in the banking system
What are the differences between effective and aggregate demand and which one is most important in determining the equilibrium of Keynesian economy?
Which agents (from among importing country's consumers and producers and exporting country's consumers and producers) are better off, and which are worse off as a result of free trade between the countries?
What is each orchard's labor demand as a function of the daily wage W? What is the market's labor demand? Ectenia has 200 workers who supply their labor inelastically. Solve for the wage W. How many workers does each orchard hire? How much profit ..
Assume the firms in an oligopoly produce a differentiated product and are initially colluding. If each firm begins to cheat (to increase sales) by underpricing the other firms, as the amount of cheating increases, the resulting industry price and out..
could you have both a comparative and absolute advantage in trading. If so, what if at all would be the benefit for your country to trade with any other country.
In 2008, the box industry was perfectly competitive. The lowest point on the long run average cost curve of each of the identical box produces was $4,
Discuss its current status. If possible, current a separate graph for each indicator illustrating the historic trend for each.
leaders of a small town are tired of looking at a vacant and dilapidated warehouse that sits on a prime piece of real
Is income inequality as it exists in the United States at presentbeneficial to the market? Why or why not?
assume prices are flexible and that factors of production are fully employed in both economies. Assume there is perfect capital mobility for the small open economy.
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