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Which of the following is a short-run adjustment?
A) A firm hires six new workers.
B) Three new firms enter the computer chip industry.
C) A firm opens two new plants.
D) The number of farms in Kansas increases by 10%.
This graphing calculator illustrates the demand for spaghetti dinners served in all the restaurants in a society.
Equilibrium in the market occurs at a price of $2,500 and a quantity of 10,000. Draw the demand curve that must exist if consumers bear the entire burden of a $500-per-TV tax imposed on this market
If firm A expects firm B to set its price at $20, what is firm A's best response? If firm B predicts that firm A will price good A at $36, what is firm B's best response? What is the NASH EQUILIBRIUM price and quantity for each firm?
Choose three of the most effective alternative methods of government finance. Provide a rationale for your choices by explaining why they are the most effective methods, and analyze their impact on the economy.
Which of the subsequent industries is most such asly to be monopolistically competitive. A normative economic statement such as "The minimum income should be abolished".
Why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders? What conclusion could be drawn if the volume of unfilled orders and average length of deliv..
q1. how was de beers able to control the world price of diamonds over the past several decades even though it produced
How does this policy affect national saving, domestic investment, net capital outflow, the interest rate, the exchange rate, and the trade balance?
Explain how incomplete information can cause market failure. Give at least one example of this type of market failure and explain how government intervention has been used to correct the problem. How effective has this form of intervention been? Use ..
q1. if the annual real interest rate on the loans is 6 explain how many car companies will buy a new car assembly
q1. suppose there is a 50-50 chance that a risk adverse individual with a current wealth of 20000 will contract a
q1. assume that an investor is risk-neutral i.e. suppose that an investor always chooses the investment with superior
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