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Suppose profit-maximizing price taker firms all have identical Long Run Total Cost Curves: Tc= 25+ Q^2. What price will lead to zero profits?
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there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased.
Find the current exchange rates online and post the current exchange between the U.S. dollar and any other currency. Briefly describe what has happened over the past year between the two.
Assume increase in government spending. Would the effect on AD be larger if the Fed held MS constant in response or if the Fed were committed to maintaining a fixed interest rate?
Discuss how the Fed affects interest rates-the process? In October of 2008, the Fed stepped in as lender of last resort, explain this action.
In class I showed the impacts of a new vaccine using the model by Thomas Malthus. Likewise, now consider the 2014 Ebola outbreak in West Africa. In 2014 the Ebola virus outbreak in West Africa led to 11325 deaths. Explain how the Ebola deaths in Sier..
It is unclear to a economic novice like me why OPEC is not cutting down production and raising oil prices. I have read several journalists commenting upon this on the internet but perhaps an economist can explain this current fact better.
Describe how the system converges to its new equilibrium. What happens to the equilibrium wage in the long run? What happens to the equilibrium population size in the long run?
Luke only consumes strawberries (S) and turnips (T) each week with his $36 income. The price ofstrawberries is Ps = $3/basket, while the price of turnips is Pt = $1.50/turnip. Luke’s preferences are given by the following utility function: What are t..
Which of the following was NOT a Napoleonic educational policy? Which of the following was not true of Robert Owen's ideology?
Free trade can often negatively alter the domestic job market, obviously this is an unintended consequence, is there anything that can be done to limit
Explain how the Bureau of Labor Statistics determines who is unemployed and how the unemployment rate is calculated. How might the growth of the number of discouraged workers be reflected in the unemployment rate? How might the unemployment rate be i..
Using an online source or a code book, find a unique and unusual ICD-10 code. What is the injury, illness, or accident this code describes?
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