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Suppose the demand curve for steel is Q = 100 - P, where Pis the price per unit of steel and Qmeasures millions of units of steel. The private marginal cost of producing steel isMC = 5Q + 40, while the external marginal cost of producing steel is $12. In a perfectly competitive steel industry, the deadweight loss is:
Consider an economy in which the marginal labor MPN is MPN= 309-2N, where N is the amount of labour used. The amount of labor supplied, NS, is given by NS=22+12w+2T, where w is the real wage and T is a lump-sump tax levied on individuals.
With the assumption that A=1, and the share of labor in the national income is 1/2. Also K=120 million dollars and L= 10 million units and saving rate = 35% and the depreciation rate is 10%. How many periods it will take this economy to reach the ..
Show that ESF interventions are automatically sterilized and thus do not alter money supplies. How do ESF operations affect the foreign exchange risk premium?
An airplane whose rest length is 40.0 m is moving at uniform velocity with respect to Earth, at a speed of 630 m/s. By what fraction of its rest length is it shortened to an observer on Earth
If so, how? As the employee, is there anything you could do to realize a higher payoff?
Describe which curve will shift (demand or supply or both), what effect it will have on price (rise or fall in price), and what will happen to quantity (rise or fall in quantity). Each line item requires a paragraph.
Each consumer is risk neutral and values a non defective car at $16,000. New cars sell for $14,000 each, and used ones for $2,000. If cars do not depreciate physically with use, what is the proportion d of defective new cars?
Test the hypothesis that average nettfadoes not differ by 401(k) eligibility status; use a two-sided alternative. What is the dollar amount of the estimated difference?
What is the own price elasticity of demand when Px = $154? Is demand elastic or inelastic at this price? What would happen to the firm's revenue if it decided to charge a price below $154.What is the cross-price elasticity of demand between good X ..
what limits should an employer be allowed to place on employees' freedom of expression ar work?
To quell outrage over tuition increases, the collage places $55 limit on the price of textbooks. How many textbooks will be sold now C. while the price limit is still in effect, automated publishing increases the efficiency of textbook production.
In order to determine whether time is being spent optimally, a commercial fisherman has recorded the following information over the past year: "hours spent fishing" and "quantity of fish caught." What is the marginal product of fishing for hour sp..
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