Within the framework of production possibilities curve
Within the framework of production possibilities curve, discuss the pros and cons of alternative choice mechanisms with respect to the determination of price and output levels in an economy ?
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.In the long run, a price increase from $1 to $2 has an elasticity of supply of 1.50. So how many popsicles will be sold per day in the long run if the prices rises to $2 each ( Hint : Apply the midpoints approach to the elaticity of supply.)
125 mole of oxygen gas is added to carbon in a .25L container. The mixture equilibriates at 500K. Calculate the equilibrium concentration of carbon monoxide, knowing that K=.086 at 500K. C(s) + O2(g) ----> 2CO(g)
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Within the framework of production possibilities curve, discuss the pros and cons of alternative choice mechanisms with respect to the determination of price and output levels in an economy
Gold, which has a density of 19.32 g/cm3, is the most ductile metal and can be pressed into a thin leaf or drawn out into a long fiber, If a sample of gold with a mass of 2.477g, is pressed into a leaf of 4.116 ?m thickness, what is the area (in m2)
For the following reaction, calculate the concentration of C(aq) at equilibrium when .135M B solution is alllowed to react with A. A(liquid) + B(aq) ---> C(aq) + D(aq)
In terms of aggregate supply, a period in which nominal wages and other resource prices are unresponsive to price-level changes is called the A. long run. B. short run. C. very long run. D. immediate market period.
Suppose you are the marketing manager of a company. Why you would be interested to know whether the good that your company is producing has an elastic or inelastic demand curve in the market
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