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Why is it difficult to analyze the welfare implications of growth in the neoclassical model? What proxy is often used to reach a conclusion about the effects of growth? What leads to the conclusion that, if welfare is to improve with growth in the labor force, there must be accompanying growth in the capital stock and/or improvements in labor productivity?
q1. the demand for basic food stuffs like grains tends to be inelastic with respect to price. use this factor to
The marginal revenue generated for the monopolist by the 13in unit of its product is $6. What is the market-clearing price for the monopolist's product when 13 units are supplied to the market?
q.1. find the sample correlation coefficient between x and y.2. how would you decide if a simple linear regression
Net domestic product is usually preferred to GDP by economists because net national product:
Discuss how government intervention to address a market failure might worsen the situation. Provide an example of where government intervention does work and why that is so.
Suppose that long term interest rates in the economy were increasing due to strong economic growth and demand for loans in the world economy. Meanwhile suppose that the Fed was holding down its federal funds rate target. What would probably be happen..
What would be ultimate impact on the equilibrium price also quantity in the market for oak tables if the price of maple tables.
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..
What Price is plotted on the vertical axis, and quantity is plotted on the horizontal axis.
Relatively more inelastic than those of firms which only make house windows. Which product is to be the most price elastic between housing or automobiles?
Discuss a scenario where either the supply or price of a good or service is intentionally limited by the government.
A pharmaceutical firm has a monopoly on a new class of vasodilator. The market demand is given by P=240-0.01*Q, and thus MR=240-0.02*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
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