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a pharmaceutical company has hired you to perform an economic analysis on a currently ongoing project experts from the company have estimated the
in a simple economy assume there are no taxes thus y is disposable income the consumption function isc 500 075ythe current level of real gdp is
suppose that an industry has six firms with market shares market sharesfirm a 25firm b 10firm c 7firm d 12firm e 40firm f 6a derive the hhib suppose
the nation of ectenia has 20 competitive apple orchards which sell apples at the world price of 2 the following equations describe the production
1from the perspective of classical macroeconomic theory an excess of aggregate spending woulda increase aggregate output and the level of employment
discuss the various ways governments can handle externalities such as noise from a local airport or a barking dog or building of commercial office
the widget industry in anytown is a monopoly controlled by widget corp its demand curve for the local market is given by p 800 - 20 w where w
four mutually exclusive projects are being considered for a new two-mile jogging track the life of the track is expected to be 80 years and the
in march of year 2020 the performance marketing company begins construction on a new warehouse this warehouse operation will be the only business
a current account deficit is a very healthy thing if we can get foreigners to give us real goods and services and talk them into taking pieces of
a what are the arguments for and against the use of fiscal policy to fight inflation lower unemployment and raise gdp keynesian and monetaristb any
john operates a small business out of his home and has very little in terms of fixed costs answer the next questions parts a and b on the basis of
suppose the economy has a natural rate of unemployment of 5a suppose short-run output over the next four years is 1 0 -1 and -2 according to okuns
consider a market where demand is d p 60 - 3q and supply is s p 4 4q1 equilibrium quantity qe isa 8b 9c 10d 112 equilibrium
consider a market where demand is p 6 - q and supply is s p q1 equilibrium quantity qe isa 2b 3c 4d 52 equilibrium price pe
consider the market for electricity suppose demand in megawatt hours is given by q50-p and that the marginal private cost of generating electricity
imagine there are two polluters of a given substance with the following marginal-abatement cost functions mac1200-e1 and mac2300-3e2 where emissions
two mutually exclusive projects are under considerationyear project a project b0 -5000
suppose prices are determined as a simple mark-up over expected wages p-wea0-a1uassume further that wages are a simple mark-up over expected prices
analyze the major barriers for entry and exit into the airline industry explain how each barrier can foster either monopoly or oligopoly
suppose the consumtion function is c 500 billion 09y and the government wants to stimulate the economy by how much will the aggregate demand at
the marginal revenue curve of a monopoly crosses its marginal cost curve at 30 per unit and an output of 2 million units the price that consumers are
two indicators of economic development include gross domestic product gdp and the human development index hdi what is the difference between these
congress is considering a tax credit program for those who purchase energy-efficient appliances proponents of the program have said that 400 million