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What is the differences between sticky and flexible prices in the aggregated income or expenditure?
A group of five students has decided to form a company to publish a guide to eating establishments located in the vicinity of all major college and university campuses in Texas. In planning for an initial publication of 6,000 copies, they estimate..
The equilibrium price is $120 and the quantity is 260 c. If the current price of the product is $100, what is thequantity supplied and the quantity demanded? How would you describe thissituation, and what would you expect to happen in this market?
Solve this problem using the simplex method. Write each tableau on additional sheets of paper. Label tableau 1 as 1, tableau 2 as 2, etc. What is the optimal solu- tion for this problem?
When Burton Denson graduated with honors from the American Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truckers that his revenues were typically $25,000 per month
Inflation is at 1.2% and relatively stable at the level. The GDP is at $13.6 trillion. Assume that you are on the Council of Economic Advisors which is the group that advises the President on economic policy issues.
Give a hypothetical/real world example of the MR=MC principle (Profit maximizing point). Explain what elements in example represents decreasing marginal revenue/benefit and what element represents increasing marginal cost.
suppose a third project will cost 20000. today and yield a return of 2500 a year indefinitely. what is the present
How has the educational system affected the quality of our labor force - Explain the Malthusian theory of population. Is it relevant today anywhere in the world? Explain where and why.
How do you go about weighing the alternatives? Once you choose a most important use of time, why do you not spend all your time on it? Use the notion of opportunity cost in your answer.
1. the difference between a perfectly competitive firm and a monopolistically competitive firm is that a
as prices increase should health economists advocate giving something up opportunity coststrade-offs? as the quantity
Which of the following statements about the financial and real sectors is true? If the financial sector causes more to flow into spending than is saved, most likely: Flows that do not enter the spending stream enter the financial sector in the form o..
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