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Use the following information for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers the firm will employ to maximize profits.
Number of Workers (L) MRPL MRCL1 $200 $302 150 303 125 304 100 305 75 306 50 307 30 308 10 30
Elucidate what impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run.
Assume a indiidual has $8 to spend only on apples and bananas.
After her final exam this semester, Sylvia must drive from her school in Philadelphia to her home in upstate New York-What are Sylvia's expected .ne, expected wealth, and expected utility if she travels through PA?
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.
Illustrate what are the pros and cons of companies competing in the global environment and how this has affected the U.S. economy and the global economy.
The utility function of a worker is represented by U(C,L) = C X L, so that the marginal utility of leisure is C and the marginal consumption is L.
Illustrate what is the logic of a firm setting and exercising the application of a mandatory retirement age? What are the pros and cons of the mandatory retirement practice from the perspective.
Find out the equilibrium market price. Find out the profits of the leader and the follower
How would you show what happens with equilibrium income if agents suddenly lose confidence and decide to spend less, even if their income has not changed?
Illustrate graphically why someone paid an yearly salary might be likely to shirk if monitoring is incomplete at the firm.
Discuss the role of the Federal Open Market Committee in conducting monetary policy.
In which direction with the substitution effect change the firm's employment and capital stock.
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