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suppose that the marginal utility of good a is 4 times the marginal utility of good b but the price of good a is only 2 times the price of good b is
suppose that a firm has a budget of 30000 that the wage rate is 10 per hour and that the rental rate is about 100 per hour i f the wage rate
if the mppl mppk in the production of a good are less than wr why is the produce not in producer equilibrium explain how with no change in budget
the price ceiling is the law that sets a maximum price below the equilibrium market price but a price floor is the law that sets a maximum price
suppose that michael and dwight each have a 60 weekly entertainment budget they pay the same prices for two goods an evening reading books an erb and
moving along a demand curve quantity demanded decreases 8 percent when price increases 10 percent a the price elasticity of demand is calculated to
the supply equation for widgets is p 100 10qs the elasticity of supply between quantity supplied of 9 and
subsidizing the price of milk or other agricultural products is not very expensive considering how many consumers there are in the united states
suppose the banking system has reserve of 750000 demand deposits of 2500000 and a reserve requirement of 20 a if the fed now purchases
a small country can import a good at a world price of 10 per unit the domestic supply curve of the good is s 20 10p the demand curve
the following is the information from the national income accounts for a hypothetical country gdp rs 600000 gross investment rs
i am writing a macroeconomics commentary about a supply shock-induced inflation can i include a shortage diagram i learnt in microeconomics and just
farmer grows a bushel of wheat amp sells it to a miller for rs 100 the miller turns the wheat into flour amp then sells the flour to a
1 suppose the banking system has reserve of 750000 demand deposits of 2500000 and a reserve requirement of 20 a if the fed now
questionkeynes liquidity preference theory stipulates that money demand is negatively related to current income and positively related to
question 1a outline the three main methods of recruitment b discuss the advantages amp disadvantages of any one method mentioned above
question 1motivation denotes to the degree of readiness of an organism to pursue some designated goal and implies the evaluation of the nature and
question 1critically analyse the costs of inflation which of these items is likely to have encouraged many governments in their adoption of inflation
question the long-run position of an economy is described by the quantity theory of moneymp l y rwhere m nominal money stock p price level y real
explain whether the following statements are true false or uncertain briefly justify your answeri the circular flow shows how real resources and
question 1consider a closed economy with no government sector in which consumption c is related to income y by the equationc a bya what is the
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prepare calculations and a one to two page analysis following the apa guidelines that addresses the following assuming that the