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Burning coal to generate electricity can create pollution. If the market for generating electricity is competitive and is allowed to operate without any government intervention, is the equilibrium quantity of coal burned equal to, more than, or less than the efficient quantity?
Demonstrate by example about production which exhibits constant returns to scale.
q1. if real salaries increase but nominal salaries do not what can be said of prices on average?q2. he second year of
An economy is operating with output $400 billion below its natural level, and fiscal policymakers want to close this recessionary gap. The central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out.
Economic profit is defined as the difference between total revenue and ________________. Explicit cost total economic cost implicit cost shareholder wealth
Specific identification, because it correctly identifies the actual item sold and so the actual cost is recorded on the income statement.
Suppose a firm has the following production technology: one worker is required to operate on one machine (capital). More than one worker on the same machine will have a zero MPL. One worker operating on two more machines will also have zero MPK. In t..
How would you go about activating various influencers of policy in the era of technology and social media, i.e. lobbyist, the media, public opinion, interest groups?
q1. what do you mean by an institution? explain how do institutions influence economic life? also explain how does
What is the indicator status of the Private Nonresidential Fixed Investment? Explain. What is the indicator status of Business Permits and Housing Starts? Explain.
while average labor productivity increases at the same rate as it did during 1960-2009. Under this scenario, what would be the net change in real GDP per person between 2009 and 2058?
Assume that the country initially has no restrictions on trade also then imposes an import quota
Sharp Company's records show that overhead was over applied by $10,000 last year. This over applied manufacturing overhead was closed out to the Cost of Goods Sold account at the end of the year.
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