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countries a and b have two factors of production capital and labor with which they produce two goods x and y technology
why can it be suggested that the fact that the ratio of skilled laborunskilled labor has risen in almost all us
for retirement planning you decide to deposit 703 at the end of every quarter and increase your deposit by 36 each
the average fixed cost curve always has a negative slope becausea marginal costs are below average fixed costsb average
suppose there is a new tax on data usage the cum-tax monthly bill increases by 15i if the price elasticity of demand is
suppose there is a technological change that allows manufacturers to make cell phones much more cheaply in fact the
1 which slope is greater when there is a corner solution slope of the indifference curve or slop of the budget
suppose a teenager is interested in buying a car that has a very good look draw the indifference curve for safety and
describe how kristallnacht represented a logical extension of the anti jewish prejudicial thinking that was
suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of 6 and faces the demand curve
describe how capital and labor affect the production function for both a toy manufacturer and a retailer during the
the market for tennis shoes has a horizontal supply curve and a linear downward-sloping demand curve currently the
show graphically and explain how increasing the depreciation rate affects the bundle of capital and labor that a firm
the classical political economists shared to a large extent a vision of an emerging social system smith referred to
bart wurst runs the only hot-dog stand in a large park in a large boring town on sundayrsquos people in this town all
how increasing tax rates do 10 may affect company revenue consumer expenditure and government tax revenue in the short
how are production and income related production also generates income in an economy to put it another way how is your
a explain define and demonstrate the income and substitution effects of a fall in the price illustrate in a figureb
explain why calculating gdp using income approach or expenditure approach yield the same for any economy use the idea
we noted in this chapter that foreign central banks especially in asia accumulated large dollar foreign reserves after
in the united states the distribution of income is more unequal than the distribution of wealth explain this idea and
new six speed automatic transmission for automobiles offers an estimated 4 improvement in fuel economy compared to the
explain the 3 neoclassical macroeconomic goals how do we know if we are meeting each of these goals additionally
suppose you live in a community that relies on clean drinking water from a nearby lake lately you have noticed that the
king crabs in the bering sea are a common resource the following diagram shows the demand curve the mb of consumption