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with the help of a diagram discuss the effect of price ceiling imposed by the government on the welfare to the society
indicate whether each of the following statements is true or false and whya in long-run equilibrium every firm in a
the difference between the amount of capital at the beginning of a year and the amount of capital at the end of the
an efficiency wage is designed toa decrease the need for workers to search for jobsb to induce more employmentc keep
suppose that omarrsquos marginal utility for cups of coffee is constant at 45 utils per cup no matter how many cups he
discuss whether each of the following actions create any postive or negative externailtya there is a road accident due
some restaurants are open only for breakfast and lunch but are closed for dinner what economic factors determine if it
consider the traditional farm problem food can be viewed as a necessity and overall has a price-inelastic demanda
suppose that the income elasticity of demand for hardback books is 25 that household incomes are rising at 2 a year and
1 suppose that there is a natural disaster that destroys part of the nations capital stocka determine the effect on
the following questions are about the one-period macroeconomic model discussed in class notice that nothing has been
which of the following is correct about comparative advantagea some countries will have a comparative advantage in
expando inc is considering the possibility of building an additional factory that would produce a new addition to their
kermit and fozzie play a game with two jars each containing 100 pennies the players take turns kermit goes first each
two individuals andy and beth work on a joint project if andy chooses effort level x ge 0 and beth chooses effort level
there is a representative firm that produces output y by using capital k and labor demanded nd through the following
when a nation is producing on its production possibilities frontier if more resources are used to produce one good then
consider that you just got your dream job as a marketing research manager of a small company your first duty is to
the concept of stagflation which is a term created by mashing together stagnating and inflation that reflects a slowing
normal 0 false false false en-us x-none x-none microsoftinternetexplorer4