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Provide and economic argument for why a country should follow a fixed exchange rate policy.
Describe how, if at all, each of the following developments affects the AD and/or IA curves: Suppose that there is a technological disaster that makes workers less productive than before. Assume that initially output is at its natural rate. Suppose ..
Be sure to label your graph carefully and accurately. What is the slope of the budget constraint?
Explain the effect that the current unemployment rate may have on yourclientele in the next couple of months and how it could affect your area's overall economic growth
The Federal Government provides disaster insurance that helps people to build vacation homes in places subject to flooding, such as sand dunes. Assume the government wants to protect the environment by preventing construction of homes on a specific s..
Arguments against in-kind transfers do not include which of the following?
Why is it difficult to analyze the welfare implications of growth in the neoclassical model? What proxy is often used to reach a conclusion about the effects of growth? What leads to the conclusion that, if welfare is to improve with growth in the la..
Bartling Energy Systems recently reported $9,250 of sales, $5,750 of operating costs other than depreciation, and $700 of depreciation. The company had no amortization charges.
Suppose the firm has a production function of the form f(k,l,m)=(klm)^1/4 and faces input prices (1,2,8) for (k,l,m) respectively. What is the firm's cost function? What is their supply function? How much capital k does the firm use to produce q=4?
For the purposes of this question, a "location" on the beach equals the number of feet from the southern end of the beach. For example, location 200 is 200 feet from the southern end of the beach, and 800 from the northern end.
Let the inverse demand curve for tennis classes is: P = 90 - 1.5Q.
a) Use the data in the table above to plot the demand and supply curve for babysitters. b) What will be the equilibrium quantity of babysitters hired?
Using the method of the Lagrange multiplier calculate the prices that you will charge to so that the profit is maximized and at the same time the stadium will be filled to capacity. Calculate the number of each type of tickets sold, as well as the co..
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