Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Case: Consider the standard WS-PS model seen in class. So far, we have assumed that the price setting equation depends only on the competitiveness of the product market. This problem will show that the competitiveness of the labor market may matter as well. Assume that the production function is Y(N) = N a The PS-equation in the standard model is derived from the equation: P = (1 + m) MC where MC is the marginal cost of producing a unit of output, and m is the markup-rate. If the labor market is competitive, MC = W ⇒ W P = 1 1 + m Now suppose that the labor market is not competitive. Use the fact that the marginal cost has now the following expression to derive the new PS-curve MC = W dY/dN (Don't worry about knowing this result from micro!!!)
1. What does the PS-curve look like?
2. Could we have a negative markup?Discuss.
Explain how the Fed can cause the money supply to grow at a faster rate and how such expansionary policy is likely to affect interest
Explain the probability that Furman will have to pay American Express for any illegal charges to the account. Evaluate the steps which he should take in order to protect himself from further loss as a result of losing his card.
A What are the assumptions underlying Imperfect Competition B State 2 features of a firm in long run equilibrium in Imperfect Competition that would be common to a firm in long run equilibrium under Monopoly. C Give an example of an industry operat..
Why does an aggregate demand curve slope downward? Briefly explain. How are economic fluctuations linked among national economies?
PACC6007: ECONOMICS - MACROECONOMICS ASSIGNMENT. Calculate the equilibrium level of real GDP in this economy. Your task is to calculate Kraftwerk's GDP
Discuss, relating in part whether such highways are public goods and whether or not privatization should work.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
Show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement along the demand curve.
What are the three macroeconomic goals? Find an article that shows a connection between a current event and two of the three macroeconomic goals.
Why is firm behavior under Oligopoly so difficult to predict?
Describe supply and demand, major reason(s) for the price increases and fluctuations, and international factors, if applicable. You should use at least four references.
Choose one branch of the government and describe the following:How its members are appointed/elected
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd