Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Explain why general level of wages in the united states and other industrially advanced countries. what is the single most important factor underlying the long-run increase in average real-wage rate
What is Gross Domestic Products (GDP)? Discuss the various methods used to measure GDP.
Assume that the price of a substitute resource increases, other things constant. What happens to demand for labor? What are the new equilibrium wage rate and level of employment? What happens to the
Explain a personal daily struggle that is an example of the law of noncontradiction and the challenges posed to your beliefs and decisions.
Determine the size of the market surplus or shortage that would exist at a price of (a) $40 (b) $20. Illustrate your answers on a graph.
What is the difference between casemix funding and bundled payments in health systems, and which methods (if they do differ)can control health expenditure?
Derive the consumer's marginal rate of substitution at the point (2,4). For prices p1 = 1/3 and p2 = 1 and m = 12, solve for the consumer's optimum choice of X1 and X2.
Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and
Illustrate scarcity, choice and opportunity cost with the aid of a diagram showing a production possible frontier
Explain the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.
Derive the equation for how marginal revenue is a function of price and the own-price elasticity of demand, . Use this equation to explain why marginal revenue is less than price for a non-discrimin
Choose an organization that has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization. How can the organization
Explain the difference between nominal and real variables and give tow examples of each. According to the principle of monetary neutrality, which variables are affected by changes in the quantity of
Suppose that butchers and bakers had no unions. Now suppose the butchers form a union. What does this do the labor supply of and wages of bakers?
Explain the relationship between the demand elasticity and the excess capacity that occurs for a monopolistic competitor.
What are the assumptions of the theory of monopolistic competition? In what ways do these assumptions differ from those of the perfectly competitve model?
Suppose that at price index of 154, the quantity demanded of Real GDP is 9,000 billion worth of goods and services. Do these data represent aggregate demand or a point on aggregate demand curve? Exp
This year, all the firms in the industry are purchased by a corporate raider, who then operates the industry as a monopoly and seeks to maximize profits from the sale of computers. Which of the foll
What price-quantity combination maximizes your firm's profits. Calculate the maximum profits. Is demand elastic, inelastic, or unit elastic at the profit-maximizing price quantity combination?
When we draw an investment demand curve we hold constant all of the following except:
What percentage change in the price of each of the three goods? Using a method similar to the consumer price index, compute the percentage change in the overall price level.
Jeng-Mei Chen, Inc., an upscale Manhattan restaurant, would like to generate a sales forecast based on the assumption that next year sales are a function of current income, advertising, and advertis
The largest component of private investment expenditure is
Define economics of regulation. Explain why economics regulation exists. Explain how economics regulation affects the market of telecommuniciation.
A monopolist can sell 15,000 units at a price of $20 per unit. Lowering price by $1 raises the quantity demanded by 2,000 units. What is the marginal revenue of this price change?