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1. Why is a point below the production possibilities curve less efficient than a point on that curve?
2. Distinguish a change in demand and a change in quantity demanded. What are the causes of change in demand and quantity demand?
3. Describe the market process that should occur if the price of a product is below its equilibrium price, and then describe what would occur if the price is above its equilibrium price, assuming that there is no market interference.
4. Identify who is and is not included in the labor force, explain how the unemployment rate is calculated, and list and explain the major types or categories of unemployment.
5. What is GDP? Explain the two main methods used to measure GDP. Why is GDP important?
Explain why you would be more or less willing to buy a share of Apple Computers stock in the following situations:
In the Cournot homogeneous oligopoly model, why would each firm not increase its output given both firms are choosing the Nash Equilibrium?
a. What are the short-run AVC and ATC functions? Hint: Costs are a function of the level of output produced so your functions should be in terms of Q. b. What is the short-run MC function?
Discuss the shift in the international trade of goods and services in the past two decades
the variable rdintens is expenditures on research and development rampd as a percentage of sales. sales are measured in
Now suppose you decide to use a simple block pricing strategy whereby you offer your product as a single package of a predetermined number of units. How much will you sell to a typical customer? (Hint: What is the optimal bundle size?)
Assume that the demand for autoworkers declines significantly due to a decrease in demand for new automobiles. Explain what will happen to unemployment using both classical and Keynesian reasoning.
Illustrate what would have been the likely outcome had the government not intervened to help with key economic issues of the companies please do a detail analysis.
Briefly discuss the advantages and disadvantages of foreign exchange rate targeting and also describe advantages and disadvantages for each tool the Fed can use to manipulate the federal funds rate.
Alice has a high regard for privacy and wants the system to have employeesregister and give permission to obtain financial amounts from the dental insurance and retirementcompanies. Draw a use case diagram, context-level data flow diagram represen..
i live in california and i am seeking for someone who would tutor me in my labor economics
Steady state in a calibration of the US economy in 2000. In this problem, suppose that rate of growth of the work force is n = 0.017 and there is no exogenous technological progress.
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