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Economic Loss
Q. The high employment deficit is estimated at $100 billion. Assuming that the ecomony is operating below full employment and that it will not overheat during the year,
a. the actual budget is not in deficit.b. increasing GDP will eliminate the deficit.c. increasing GDP will not eliminate the deficit.e. the actual budget is in surplus.
Q. The current price of compact discs, which are traded in perfectly competitive markets, is $10. A $1 per unit tax is levied on the discs. Annual record sales decline from five million to four million as a result of the tax. Assuming that the income effect of the tax induced price change is negligible, the excess burden of the tax will be,
a. $500,000 per yearb. $1 million per yearc. $2 million per year$2.5 million per year
Elucidate assumption concerning economies of scale will give rise to a determinant and optimal scale of the firm in Long run equilibrium in perfect competetion.
Answer the following questions on the basis of the monopolist's situation illustrated in the following graph.
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
Briefly accounting describe two limitations of national income. On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.
Compute the implied arc price elasticity of demand. Is a further price decrease warranted.
List the four assumptions for the Monopolistic competition model. Now explain how the market will adjust in the long run and draw a corresponding graph for the representative firm in the long run. (Explain your answer.)
Explain how would you respond to this question. Explain how might the bank tie in the concept of utility maximization into the campaign.
What is the optimal level of production of wine decanters? Verify that this level of output maximizes not minimizes profit
Government play in affecting the supply also demand of a key commodity such as gasoline or electricity?
Prepare a demand schedule for both demand curves and prepare them on an Excel graph. Calculate the marginal revenue for each.
Elucidate the roles played by total utility and marginal utility.
The decisions of the World Trade Organization in particular have been the subject which has much criticism.
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