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Is publishing house making optimal input choice? Why or why not? If not, how must the manager of Largo Publishing House adjust input usage?
While last unit of capital adds 65 units to total output. Is manager of this firm making the optimal input choice? Why or why not? If not, what must manager do?
Recognize economic implications of each plan for individuals listed in above scenario. How does each approach affect each individual and find best approach for all -- based on numbers?
Describe why relatively flat as opposite relatively steep labor demand curves are more consistent with empirical observation.
If equilibrium real wage remains constant, what occurs to nominal wage when actual inflation rate exceeds expected inflation rate?
Write government's fiscal policy options for ending severe demand-pull inflation? Use aggregate demand-aggregate supply model to show impact of these policies on price level.
Suppose that hypothetical economy with an MPC of .8 is experiencing severe recession. By how much would government spending have to increase to shift aggregate demand curve rightward by $25 billion
Describe briefly how change to the following MS, MD, or P (ceteris paribus) would shift LM function to the right.
Tariffs and quotas both raise price of foreign goods to domestic consumers. Write the difference between effects of a tariff and effects of quota on following?
Explain your the most recent decision to purchase major item (entertainment center, automobile, home, etc.). In what way did acquisition utility or transactional utility come into play for you?
Contrast two or three key economic factors for each country with the U.S. economy, and comment. For example, if per capita GDP is significantly lower in the selected countries.
Write the major factors that have affected U.S. household consumption since recession in 2001? Briefly describe how following would shift the IS function to right.
This means that in that particular year economy produced no capital goods at all." Do you agree? Why or why not?
Determine the Nash equilibrium prices for two diners. How many breakfast club memberships will each diner sell in Nash equilibrium? Find How much profit will each diner make?
Given the information above, find the best estimate of how much money supply changes as result of the Fed's action?
Software producer has fixed costs of $30,000 per month and her Total Variable Costs. What must be production level if fixed costs rose to $50,000 per month? Describe.
Find the equilibrium market price of sweatshirt? What is the profit-maximizing level of output for Tren Dee?
Write the limits of the terms of trade? Specifically, when is Canada willing to trade with Japan, and when is Japan willing to trade with Canada?
Find what would happen to volume of services and the expected revenue to practice, should area's health insurers increase patient cost sharing from 20% to 30% of this charge.
Using Microsoft Excel, draw the graph illustrating the supply and demand in market. Find equilibrium Price and Quantity in market?
From criteria that influence the rate of adoption, in what area do Apple /product excel and what area does Apple /product require attention to strengthen adoption process?
Software producer has fixed costs of $120,000 per month and her Total Variable Costs. what must be production level if fixed costs rose to $160,000 per month? Describe.
Write down the coefficients of elasticity of supply and demand if price is raised from $6 to $8. Write down optimum price that stadium owners can set for tickets?
How to handle suppliers or capital budgeting for this time period. What reports or ratios would consider in monitoring financial situation?
Explain how short-run Phillip curve, the long-run Phillip curve, short-run aggregate supply curve, long-run aggregate supply curve, and natural rate hypothesis are all related.