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Q1. Referring to the output and substitution effects, explain why an increase in the wage rate for autoworkers will generate more of a negative employment response in the long run than in the short run. Suppose there are no productivity raise and no change in the price of non-labor resources.
Q2. Price (Pg): $10100 (tuition)Quantity: 27868 (enrollment)ε = -0.5 for price elasticity of demandη = 2.0 for price elasticity of supply if we increase price by 5% how much it will effect Q?
Q3. Explain the difference between macroeconomics and microeconomics.
Explain why the demand for the good or service provided by the organization you work for is elastic or inelastic. How does this influence pricing decisions?
Determine two (2) likely factors that might have caused the change. Predict the primary manner in which this change would likely impact business operations in the new market environment.
illustrate the effect of capital formation by comparing the production possibilities curves with the present time and one in ten years time, for two different eonomies, one with a high rate of capital formation, and the other with a low rate of ca..
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
For each option calculates the profit-maximizing price and quantity. Which, if any, of these compensation schemes would alter the deadweight loss from monopoly.
q1. in reference to financial perspective you have financial perspective customer perspective process prospective and
What is the difference between contractionary and expansionary monetary policy? What is the intention of each policy under a depression, recession, or robust economy? Which type of monetary policy is more appropriate today and why?
Which of the following best characterizes changes in the U.S. long-run aggregate supply curve during the past 50 years (taking into account that the economy has acquired better technology)?
What does the change in his con- sumption reflect a substitution or an income effect.
Consider an economy where there are N consumers, each of them having one unit of available time.
q1. a plant has a capacity of 4100 hydraulic pumps per month. the fixed cost is 504000 per month. the variable cost is
In today's environment, what specific imports affect the Mass Economy? Give several examples and explain why and the 20th Century, the beginnings of the use of electricity changed everything? How did it impact the Massachusetts Economy?
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