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The U.S. produces both consumer and capital goods. If it reduces the percentage of its output devoted to capital goods, then its rate of growth will tend to increase? its production-possibilities curve will shift to the left? or its rate of growth will tend to decline?
Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets.
Illustrate what is the product maximizing level of output for this producer. Will the producer make a positive profit at this level of output.
Discuss the policies that Keynes as well as Hayek supported regarding how federal government ought to manage economy. What are differences between each school of thought.
Iran subsidizes gasoline, leading to a cost to consumers that is one-fifth the market cost.
Illustrate can the oligopoly market structure make profit for both consumers and businesses by forging common standards in industries that experience rapid technological change.
Assume your town decides to levy a tax to raise funds for construction, maintenance also other expenses for local schools. Should the tax be proportional, progressive or regressive.
Briefly explicate whether Turbo has a dominant strategy. Briefly explicate whether there is Nash equilibrium in this game.
suppose that an economy consumes all salary income and saves all capital income. Describe if the factors of production earn their marginal product.
How many tickets to sell to maximize total welfare.
Based on the IRS actuarial table, Mario has a life expectancy of 20 years. If Mario receives 12 monthly payments of $1000 the first year, how much taxable income must he report on his tax return.
In Illustrate what way do competitive markets have a "natural remedy" for discriminatory hiring practices.
elling price of another product Y in dollars per unit. The inverse delivery curve. Conclude whether X also Y are substitutes or complements.
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