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say you are the manager of a perfectly competitive firm selling a product your business is making a loss because total
draw a keynesian aggregate demand and supply model at full employment and no inflation where there is an increase in
calculate the cross-price elasticity for the following goods determine if they are substitutes or complementsa the
about two-thirds of funding for substance abuse treatment comes from taxpayers are there external benefits of substance
assume that a firm purchases r in a purely competitive resource market that is the firm can purchase any amount of
1 this of the following can cause the usual ols t statistics to be invalid that is not to have t distributions under h0
sally statistics is implementing a system of statistical process control spc charts in her factory in an effort to
suppose the aggregate production function in adanac is yt a k13 l 23 assume a is constant and equal to 21 what are the
federal tax and expenditure programsa are somewhat effective means of redistributing income in the usb are not
government is lobbied to institute price controls becausea they tend to increase total producer and consumer surplusb
1 explain the cause of wage differentials using the compensated wage theory be brief 5 pts2 explain the cause of wage
suppose that you are a consultant to a firm that publishes books suppose that the firm is about to publish a book that
a cost minimizing firms production function is given by qlk where mplk and mpkl the price of labor services is w and
an individual is considering the purchase of a used car total amount of the car is 10400 and requires 2400 as a down
discuss the shape of the indifference curve for each of the following pairs of goodsa orange and juice and smoothesb
a according to theory if you lower interest rates business investments and consumer purchases of large durable goods
consider an edge worth box for two people who have a total of 100 x and 100 y the person in the lower left corner is
which of the following will not cause aggregate private spending to decreasea an increase in government spendingb an
a certain city is considering an adoption of rent control to keep apartments affordable for low-income families using a
under a fixed exchange rate regime we know that an increase in stock market wealth that increases consumption will
according to the national association of colleges and employers nace the average starting salary for a college graduate
1 consider an electric company that generates atmospheric pollution suppose the government imposes a tax directly on
consider pollution control in the electric industry the prices of marketable permits are set bya governmentb auction
a manufacturing company is considering a capacity expansion investment at the cost of 245219 with no salvage value the
economists occasionally speak of ldquohelicopter moneyrdquo as a short-hand approach to explaining increases in the