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Given the demand and cost data you will have available (see information below), briefly describe the process you would use to determine optimum output and price levels in the development and production of the new VLCT equipment. The purpose of this section is not to perform any analytical evaluation, but rather provide a verbal description of the process you believe to be appropriate.
In a particular month, the labor force is 130 million, there are 9.1 million unemployed workers, the job -losing rate is 3% per month, and the job-finding rate is 40% per month. Ho
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Suppose the demand for guitars in State College is given by Qd = 9000 - 12P where Qd is the quantity demanded, and P is the price of guitars. Also, suppose the supply of guitars is
Let kids denote the number of children ever born to a woman, and let educ denote years of education for the woman. A simple model relating fertility to years of education is kids =
How is economics works with interaction of individual choices? Principles behind the interaction of individual choices: 1. There are gains through trade. • Specialization
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how to calculate the ultimate change in deposits and credit?
Lucas’ point of view, what are the limitations of the Keynesian model? What improvements does he suggest?
What is the size of the labor force if the unemployment rate is 6%, the population is 300 million, and the number unemployed is 6 million
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