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Economists say that excess capacity in monopolistically competitive markets is "the cost to society of variety." What is the cost that economists are talking about, and why is this cost the result of having a variety of goods and services?
q1. suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor
1. consider 2 countries avataria and twilightia which can be described by the solow model. avataria has a capital-labor
q1. the government is considering a policy to reduce air pollution by restricting the use of dirty fuels by factories.
q.apex corporation has an equity cost of capital of 14.4 and a debt of 6 and the firm maintains a debt equity ratio of
A building is priced at $100,000. If a down payment of $30,000 is made, what would be the monthly payment to pay off the loan in 36 months? Interest is charged at a rate of 5%, compounded monthly.
Consider an alternative simplified version of the Taylor rule, where monetary policy depends only on short-run output: Rt-r= n(~Yt). Draw an IS-MP diagram, but instead of the usual MP curve, plot the simplified version of the Taylor rule. You might l..
List and briefly explain the reasons why russia invaded the crimea region of ukraine. how do the terms nation and state apply to this invasion? what do you think the outcome will be to this conflict?
Many middle class and working class Americans objected to the rise of monopolies and trusts, although not always for the same reasons. Why did they believe that that these powerful big businesses were Europeanizing America? What kinds of solutions we..
Suppose that the citizens of Hungary can purchase all the oil they desire at the going international price. If the Hungarian government levies a tax on oil, who bears the burden? Illustrate your answer wit h a supply and demand diagram.
If an individual’s labor supply curves slopes forward at low wages and bends backward at high wages, is leisure a Giffen good? If so, is leisure a Giffen good at high or low wage rates?
Assume the model Y = C + I + G + X - M, where C = a + bYd and Yd=Y - Tx; Tx is exogenous; I = f( i but MPI = 0; G = Go and X = Xo; M = Mo + mY; an increase in aggregate income a decrease in aggregate income no change in aggregate income an income cha..
Discuss how important it is to you that your organization’s workplace values are in accordance with your own values. What are the dangers of a disconnection between workplace values and individual values?
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