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what is the equilibrium minimum price Pmin, the equilibrium wholesale price, Pw, the equilibrium level of service provision s1; s2 and the equilibrium retail price Pr?
Explain why there is a natural employment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
Determine which of the output levels represents a macroeconomic equilibrium, then answer the questions that follow.
Discuss the importance of a well-developed compensation plan in attracting and retaining good employees and how to keep those plans from "working too well."
Some governments have tried to legislate how people behave in ways. Explain in detail how much control you think government entities should be able to exert over how people behave.
Why does the equation have a negative value for the second term and a positive value for the third term? What will be the new equilibrium interest rate?
Explain the major factors that affect the degree of competitiveness in your industry. Use the data to develop at least three (3) measures (e.g., productivity measures) to show how the industry is ev
Calculate the average physical product at each quantity of labor. Calculate the marginal physical product of labor at each quantity of labor
Explain how the current exchange rate between # and $ will get adjusted by market forces through the Law of One Price. What will be the adjusted exchange rate between the two currencies?
From the $220 that Barry takes home, he pays $70 in income taxes. Based on this information, compute Barry's contribution to the following measures of income.
How will the central bank respond in order to maintain the fixed exchange rate? Will the central bank response offset or reinforce the impacts of the tax cut?
What is the impact of a tax cut in an economy operating under a flexible exchange rate regime on household spending, interest rates, investment spending.
The sum of the compensating variation and pro ts lost provide one measure of the welfare loss associated with the gasoline tax. Compare this total loss to the revenue produced by the tax.
Suppose that consumers value gasoline because, if they own a car, it allows them to produce travel services according to. Derive the consumer's Marshallian demand for gasoline.
What is the actuarially fair price of insurance? What price are individuals with $5,000 in the bank willing to pay for the insurance? Will those with $5,000 in the bank voluntarily purchase insuranc
What happens to the value of resources when losses are present? (4) If a firm making losses goes out of business, is this bad? Why or why not?
If you have insurance that covers HIV-related illness, suppose that the probability of getting HIV is 2%. Calculate the premium of the second policy. Show your calculations.
What is the profit per ton rice? if other people exploit the same opportunity, what will happen to the price in Thailand and in Malaysia?
What will be the equilibrium rate of interest? (d) if the money supply rises, will the equilibrium rate of interest rise or fall? (e) if GDP rises, will the equilibrium rate of interest rise or fall
Explain how immigration between two countries could be an equalizer of wages and economical for both sending and receiving countries.
The maximum possible fixed fee that low-demand customers will pay. What is Always There Wireless's producer surplus from sales for each low-demand consumer.
What would you do and/or change to improve the quality of life of the Rich (Upper Class) Americans that would show significant results within three years.
Suppose the local television stations, in order to reduce set-up costs, require Cadillac to run its ad two or more times. How would this constraint alter the solution to this linear programming prob
Some restaurants offer all you can eat meals. How is this practice related to diminishing marginal utility? What restrictions must the restaurant impose on the customer in order to make a profit?