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Suppose that the table below shows an economy's relationship between real output and the inputs needed to produce that output: Input Quantity Real GDP 300.00 $400 225.00 300 150.00 200 a. What is the level of productivity in this economy? Instructions: Round your answer to two decimal places. b. What is the per-unit cost of production if the price of each input unit is $5? Instructions: Round your answer to two decimal places. $ c. Assume that the input price increases from $5 to $6 with no accompanying change in productivity. What is the new per-unit cost of production? Instructions: Round your answer to two decimal places. $ In what direction would the $1 increase in input price push the economy's aggregate supply curve? The aggregate supply curve would shift to the . What effect would this shift of aggregate supply have on the price level and the level of real output? d. Suppose that the increase in input price does not occur but, instead, that productivity increases by 25% percent. What would be the new per-unit cost of production? Instructions: Round your answer to three decimal places. $ What effect would this change in per-unit production cost have on the economy's aggregate supply curve? The aggregate supply curve will shift to the . What effect would this shift of aggregate supply have on the price level and the level of real output?
Demonstrate that the expression on the right in fact represents the sum of the series on the left, Draw an appropriate cash flow diagram and indicate the formulas and factors used to evaluate the cash flow diagram
Build the time series for the Index of Openness (Export of Goods/GDP) using a spreadsheet and build the time series of Imports of Goods/GDP.
Calculate the profit maximizing price and quantity of subscriptions for the U.K. and indicate each on the appropriate graph. Do the same for the U.S.
What are the difficulties in measuring this within one country and making comparisons of the standard of living of people in different countries?
chens car is worth 5000. but she is sometimes careless and leaves the door open and the keys in the ignition.
based on a survey of 1000 adults by greenfield online and resported in a may 2009 usa today snapshot adults 24 years of
suppose that lin jun subscribes to the 88 yuan per month plan. (i) how much calling time would she consume? (ii) what would be her total benefit? (iii) what would be her buyer surplus (benefit less charges)?
If Apple reduced its price for the shuffle, what do you think would happen to their profit? What impact would the price decrease have on their competitors? Explain by considering the elasticity of shuffles).
howard bowen is a large-scale cotton farmer. the land and machinery he owns has a current market value of 4 million.
Indicate whether each of the following statements is true or false and explain why. a) A competitive firm that is incurring a loss should immediately cease operations.
1. the widget industry in anytown is a monopoly controlled by widget corp. its demand curve for the local market is
market researchers at chrysler estimated the demand for their new chrysler crossfire sports cars as followsqc 1050000
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