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define production function output effect?
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Suppose you belong to a tennis club that has a monthly fee of $75 and a charge of $5 per hour to play tennis.
what effect would a rise in the velocity of money have on output, employment and price level?
Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due largely to increases in the price of energy and food related commodities following several y
Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 78 - 2PX. Suppose the government imposes a price floor of $35, and agrees to purchase any and all un
We define marginal product of labor, MP L as the derivative of f with respect to the L - which is, as (approximately) how much Y will increase when L increases by one unit. We als
comparison between neoclassical factor endowment theory of international trade and classical labor cost theory of comparative advantage
Assume that there are only two inputs (labor and natural resources) producing two goods (movies and gasoline) with no improvement in society's technology over time. Further, assume
Can the federal government go bankrupt? Explain.
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