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If the unemployment rate and inflation are both rising, can this be explained by a movement along a given Phillips curve? What must be happening to aggregate demand and aggregate supply? What must be happening to the Phillips curve?
Assume that the marginal cost of using the new bridge for an extra trip is zero and assume the demand for trips across the bridge is downward sloping.
Many students are surprised to learn that employees may be fired for any reason not expressly prohibited by the law. As we have seen, the law requires employers to accommodate a fairly wide range of employee behaviors and conditions. However, there a..
Recently, the average rate paid by banks on savings accounts was 0.45%. However, at the same time, inflation was around 1.50% what was the average saver’s real rate of interest on his/her earnings? (b) Banks expect that the rate of inflation in the c..
Suppose a perfectly competitive industry whose demand and supply are characterized by the following demand and supply functions: Qd = 180 − 2P and Qs = 10P. How many units will the representative firm produce? Taking this quantity as the average per ..
Describes the market structures of oligopoly and monopoly in terms of number of producers, types of products produced, barriers to entry, and whether profit can be made in the short or long run. Also, be sure to note whether oligopolies and monopolie..
q.assume that two companies c and d are duo-polist that produces identical products. demand for the products is given
Two methods of carrying away surface runoff water from a new subdivision are being evaluated. Method 1 – dig a ditch. This would cost $60,000 and would require $25,000 of re-digging and shaping every 5 years after. Method 2 – Lay concrete pipe.
1. Suppose that a least squares regression yields the following estimate: Wi = -1 + 0.3Ai where W is the hourly wage rate (in dollars) and A is the age
Given the following data for a hypothetical economy in a given year: What is the country's GDP for the year?
A shirt company spends $1,000 per week on rent for its factory. Each shirt made at the factory requires $2 worth of cloth and $8 worth of labour and energy. Illustrate what is the marginal cost of a shirt.
Suppose that your opponent is not playing her Nash equilibrium strategy. Should you play your Nash equilibrium strategy? why or Why not?
demand formula is given as p150-3q and we only have 40 tickets to sell and that the mc0 and we suppose to figured out
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