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assume that the demand for plastic surgery is price inelastic are the following statements true or false explain your
draw the probable production possibilities curve for an economy which produces capital goods and consumer goodsa
draw the circular flow model of a simple economy with the roles of firms households government and a foreign sector in
country a has a population of 1000 of who 800 work 8 hours a day to make 128000 final goods country b has a population
draw a production possibilities curve ppc with an aggregate measure of medical services q on the horizontal axis and an
1 the price elasticity of demanda measures the sensitivity of quantity supplied of a certain good to a change in the
what are the assumptions we need to have for our utility maximization model consumer theory and discuss when each
the secret to producing more consumption goods in the future isa producing more consumption goods today so that they
suppose worker productivity increased at the rate of 19 per year if the labor force grew by 15 per year what rate of
assume that dr slight has 100 to spend on goods x and y each good costs 1 dr slightrsquos preferences are such that he
suppose the demand and supply curves for one-year discount bonds with the face value of 1000 are given bybd price -05
shannon purchases a bond for 114238 the bond matures in 3 years and she will redeem it at its face value of 1200
analyze the effects of a reduction in the nominal money stock on the price level on output and on the real money stock
identify some of the costs pecuniary and no pecuniary associated with the antitrust behaviour firms having power in the
why waswere the firms investigated for antitrust behaviour identify some of the costs pecuniary and no pecuniary
employees have certain legal rights such as the right to be paid a minimum wage and to have a workplace free of sexual
suppose there are two consumers a and b the utility functions of each consumer are given by uaxy xy ubxy 2x y the
during the 1990s government purchases of goods declined as portion of overall output in part because of the end of the
a consumers utility function is given by uxyxy the consumer has 576 to spend px16 amp py4how much x amp y should the
suppose 2 firms are found on the real line 01 firm 1 is located at a15 and firm 2 is located at 1-b where b15 assume
a friend of yours just bought a new sports car with a 4500 down payment and her 27000 car loan is financed at an
agree or disagree and explain the ad schedule slopes downward because real income rises as the price level declines and
parc company has money to invest in an employee benefit plan and you have been chosen as the plans trustee as an
chers marginal rate of substitution of necklaces n for earrings e is 5 mrsen 5this information implies thata cher
how the budget affects economic activity explain when the government should have a budget deficit and when it should