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Market for gilders is initially competitive and the market demand is: P 9QD = 231- 0. The combined marginal costs of the firms in the gilder industry are: MC = 11+ 0.2Q.a. Graph the market demand and MC curves, and indicate the MR curve for the firms in the industry below. How much is produced in the industry and what is the price of gilders?
Assume a country that basically consumes 100 pairs of shoes per hour, all of which are imported. The price of shoes is $40 per pair before a ban on importing them is imposed.
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950’s. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950’s.
Give at least three explanations of why economic reasoning would argue that this is to be expected.
Tom total revenue from cafe is 50000 per year, he bought a coffee machine costing $5000 an interest rate of 5 percent and $3000 is a loan from the bank which the rates is 10%
If the nominal GDP in 2002 is $8,000 billion and the implicit price deflator is 1.4, what is the value of real GDP in 2002?
Explain how does each of the following affect the aggregate demand curve?
These schedules reflect the fact that, prior to the period we're examining, decisions makers entered into contracts and made choices anticipating that the price level would be P105.
Suppose we consider the woman's labor market experirnce EXPER and its square EXPER2 , to be instrumental for WAGE . Explain how these variables satisfy the logic of insrumental variables
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
A company deposits 2000 in the bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5 years. If the bank pays 8% intereest, how much would be in the account at the end of 15 years?
Describe the economic and political economy aspects of the globalization debate. Why has globalization created so much controversy.
Our economy is currently in recession so let's discuss how discretionary Fiscal Policy can help the situation. Please explain why tax cuts may be needed now and why we see budget deficits going up during the recession. What is the 'Crowding Out' e..
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