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Please take a few days to help me conduct a research on the history of crude oil prices and give me a 100-150 word essay on how recent crude oil prices are affecting gasoline prices at the pump or gas stations
Consider a labor surplus economy producing a single output, which can be consumed (as food) or invested (as capital). Labor, once employed, must be paid a fixed wage w which is fully consumed. All surpluses from production are reinvested. Draw a diag..
disposable personal income decreases by $50 billion and trade deficit is reduced by $15 billion. By how much has national income (Y) change.
Historically, young French workers (under age 25) have had relatively high unemployment rates: 21 percent in 2005. In 2006, the French government proposed to allow employers to fire young employees without cause (a labor restriction). How should this..
If price controls are initiated, we would expect that
How does monetary and fiscal policy affect aggregate demand?
If a price in a competitive market is "too high to clear the market," what does this normally mean. Assume upward-sloping supply curves.
In the HIV drug market, Gilead leads the way. Its products Truvada have sales of $3.1 billion. Stribild ($205 million), Complera ($800 million), Viread ($958 million), and Antripla ($3.6 billion). Note that 2 of these drugs are joint ventures. Compil..
Do you know which states have the highest unemployment rate right now? As businesses are downsizing in the recession, they are laying off a lot of people. What type of unemployment will then occur?
Illustrate what is marginal product of capital in this situation. What must the saving rate be to achieve the Golden Rule level of capital.
Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. Private pay patients have a price elasticity of demand of -3. What do you charge t..
At the end of its third year of operations, the Sandifer manufacturing Co. had $4,513,000 in revenues, $3,333,000 in cost of goods sold, $446,000 in operating expenses which included depreciation expense of $152,000, and a tax liability equal to 34 p..
They found that the price elasticity of demand (EP) is -4, the income elasticity of demand (EI) is 2, the cross-price elasticity of demand (EYK) with respect to the price of the King yoghurt is 1.5, the cross-price elasticity of demand with respec..
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