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Suppose that the government chooses conscription. That is, the government forces the representative consumer to supply a units of time to the government as military service C with a lump-sum tax. Use a diagram to show the effects of conscription on aggregate consumption, the real wage, leisure, and employment and aggregate output.
1. which industry is more highly concentrated one with a herfindahl index of 900 or one with a four-firm concentration
Draw the total market demand curve. Label the axes and intercepts. Discuss how the price elasticity of demand changes along the demand curve.
unemployment is very high in large cities of many developing countries as people migrate to cities from rural areas
If technology advances so that computers become more useful to the firm.what happens to the marginal product of the two types of workers.
what is inflation? what are the causes of inflation? is inflation desirable and what can be done to control inflation
Your decision to pursue a higher-level degree is based on investment in human capital. What are the marginal costs and benefits of pursuing additional education and the inherent risks associated with this decision
suppose that consumption depends on the level of real money balances on the grounds that real money balances are part
Which of the following events would cause a movement along the demand curve for U.S. produced clothing, and which would cause a shift in the demand curve?
A firm’s costs are 500 when output is 100. If the TC function is linear and fixed cost (FC) are 200, find the marginal cost when Q = 4, 5 and 6.
A perfectly competitive firm encounters the following monthly costs and price. What is the fixed cost of this firm? What is the optimal output of this firm?
Consider the demand for mobile phones. Suppose the price elasticity of demand for the market as a whole is .80. A. If all mobile-phone companies simultaneously increased their prices, will total revenue in the industry increase of decrease
Suppose we have a simultaneous moves entry game where the incumbent and the entry have to both decide on the strategies at the same time
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