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Which of the following would shift the production possibilities frontier outward? -more efficient use of existing resources and technology?. -society's desire to produce more one of the goods. -an increase in the size of labor force. -the end of strike by a labor union, -government prints more money.
The optimal price for a monopolist facing different demand curves in two separate markets will be. Which of the following statements is TRUE regarding network goods? Which of the following is NOT a feature of markets for network goods?
Assume that grapefruit is an inferior good. Draw a perfectly competitive market for grapefruit and a firm selling grapefruit in the long run equilibrium where price is $1 and the firm’s equilibrium quantity is 50. Explain the following situations gra..
Suppose that if you get contract, you estimate that you can win another project for two more units. Now what is your break-even price for those two units.
Identify which of the following statements is always true for a natural monopoly as the number of units produced (output) increases.
Consider the Solow growth model with the production function Y=F(K,L)=KL/K+L . a. Find the production function in terms of capital per labor. b. What is Solow’s equation for the evolution of the capital/labor ratio? c. If capital depreciation rate is..
State whether the following decision is a short-run or long-run decision:
find out an expression for her marginal cost and her average cost per patch of grass as a function of the amount of grass she gets from every patch
A goal of expansionary monetary policy is to: Lower interest rates are generally charged on more risky investments and on securities that have longer maturities. The barter system requires the double coincidence of wants to be fulfilled.
she a reservation wage of $1,500 so that wage package is W = 1,500 + .2 Q where the CEO sets the incentive at .2 and Q = 200 e. If the CEO increases the incentive from .2 to .25, what happens to the Nelson's effort? Will profits rise or fall?
The time series Xt is generated through the ARIMA model. Where B is the back-shift operator, and at is white noise.
If a central bank intervenes in the foreign-exchange markets and buys foreign currencies:
Some central bankers have looked at asset prices, such as prices of stocks, to guide monetary policy. The idea is that if stock prices begin to rise, it might signal future inflation or an overheated economy. Are there any dangers to using the stock ..
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