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Indicate at which point flat-of-the-curve medicine is experienced in the following example (imagine that antibiotics have been prescribed for a given population of 1,000 elderly persons). Number of prescriptions hospitalizations for community-acquired pneumonia 0 60 100 50 200 40 300 32 400 28 500 28
Illustrtae what is the difference among cost-push and demand-pull inflation.
The demand for polished bronze is given by P = 100 - Q/2. Production of polished bronze is controlled by Bronze Indentify BIs profit maximizing output and price. What is the cost to the town of removing the mercury pollution?
Profit by having physicians available in case we need them. Therefore, the government should subsidize medical education.
Discuss the real output and in ation expressions verbally - New Keynesian model with technology shocks
Your firm operates three plants. The cost functions vary across the three plants. Plant A: Marginal Cost = 6Q Average Variable Cost = 3Q Average Fixed Cost =1000/Q Plant B: How much output should be produced at each plant?
what level of output should be produced in each market and what price will prevail in each market? What are total profits in this situation? How would your answer change it it only cost demanders $5 to mail books between the two markets? What would..
Given the Demand curve for flyswatters Q = 500-50P, estimate the quantity demanded for the following prices.
Public goods can be produced by either the government or the private sector. Private goods can be produced in either sector as well. The problem is that the market tends to underproduce public goods and overproduce private goods.
Elucidate what are some measures of total ouput on the horizontal axis of the AS/AD model. Which measure do you think represents the most accurate picture of the output of an economy.
What is the current unemployment rate? (hint: the update on the unemployment rate is usually released the first friday of each month) Do you think this unemployment rate is generally considered to be above, below or equal to NAIRU?
Provide a business or political example of the prisoner's dilemma from the field of game theory. What is the payoff for each participant in your example.
2. If you were to own a firm within a purely competitive industry, what kind of profit margins would you expect to enjoy 3. What role does advertising have in pure competition
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