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Given the following information about the economy of the land of midnight sun: The AD curve is Yd = 600 - 50P. The SAS curve is Ys = 50P. The LAS curve is Ys = 300. What is the equilibrium real GDP and the price level? How will you describe this macroeconomic equilibrium? Technological advances increase aggregate supply by 30 units. What is the change in real GDP and the price level ? How will you describe this macroeconomic equilibrium? Beginning with the original aggregate supply and aggregate demand curves, what is the change in the real GDP and the price level if aggregate demand increases by 60 units? How would you describe this macroeconomic equilibrium? An increase in wages lowers the short-run aggregate supply curve by 10 units. What is the change in real GDP and the price level? How would you describe this macroeconomic equilibrium?
Define moral hazard in a general way and then provide a more specific definition of moral hazard in an insurance market.
analyze the major short-run and long-run production and cost functions implied by this new cost data for the frozen
discuss the best way to leverage a breakeven analysis when defining a business strategy.analyze the 12 financial ratios
There're many different kinds of monopolies which exist in the market. you're going to talk about the different kind of monopolies, their place in the market, and their effect on society. please describe the following:
What is total variable cost when 100 units of output are produced and what is average fixed cost when 150 units of output are produced?
the us navy is building an aircraft carrier. price 12 billion. there are about 300 million people in the us. suppose
bubba wildcat has the opportunity to buy a tract of land under which he believes there is oil with 0.40 probability
New York, had a serious ice storm. Electric power was out in houses for many days. The demand for power generators rise dramatically, Yet the local businessmen did not increase their prices.
A paper mill is considering two types of pollution control equipment. Neutralization - Initial Cost: $700,000, Annual Chemical Cost: 40,000, Salvage Value: 175,000, Useful Life, in years: 5
How important were price considerations in making your college decision? Would a change of a few thousand dollars have mattered and would you expect the price elasticity of demand to be higher for financial-aid students or for non-aid students?
Why does increasing productivity index effect the total product and marginal cost When the productivity index is moved from 0% to 25% Total product increases and the marginal cost decreases.
A factory benefits from discharging effluent, q, into a lake. The marginal benefit function is given by 60-2q. The pollution causes damages to two nearby communities. The marginal damages to Community A are 1q. The marginal damages to community B ..
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