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A) Imagine a market demand curve D1 and a market supply curve S1 for the product "Houses". Explain what would happen to the price of houses and to the quantity demand for houses if demand for houses quickly increased to say D2?
B) Explain what would happen to the demand for "construction workers"?
Suppose that individual forecasts of a particular interest rate are normally distributed with a mean of 10 percent and a standard deviation of 1.6 percent. (Round k, Q1, and Q3 to three decimal places, and round percentages in part a to the neares..
As discussed in the chapter, one push by computer manufacturers is making computers run as efficiently as possible to save battery power and electricity.
A competitive firm can sell all of its output for the market price of $5. its short run cost function is TC= 1000 + Q + 0.005Q2. this cost function has marginal cost given by MC= 1 + 0.01Q.
What level of aggregate output does the consumption curve cross the 45 degree line and derive the savings and consumption functions, and draw a graph showing these functions.
According to the analysis of this chapter, would U.S. government spending constrained by "buy American" restrictions have had a bigger effect on U.S. output than unconstrained U.S. government spending? Why or why not?
Suppose your company is considering an investment that will generate an expetected return of 15%. The project costs $200,000.
Explain how the aggregate supply and Phillips curves are related to each other. Can any information be derived from one that cannot be derived from the other?
There is no Constitutional needs which individual states must accept monies offered by federal government to support requires affecting their citizens.
Discuss how each of these options will affect wages and labour productivity, potential GDP and real GDP. Will they lead to growth in real GDP and rises in real GDP per capita? use the potential GDP and labour market diagrams in your answer.
Use the red line (cross symbol) to draw the valuation, V, across the market. Use the orange line (square symbol) to draw the full price line for those who purchase from firm 1, i.e., the line showing the price paid by a consumer plus transport cos..
The supply and demand equations for a hypothetical perfectly competitive market are given through QS=-100+3P and QD = 500 - 2P.
Will OPEC countries increase or decrease their oil output? Will economic slowdown in the E.U. increase or reduce demand for the world's supply of oil? What about China - will they increase or decrease demand for the world's supply of oil?
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