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Let us assume the advent of the Internet makes the U.S. labor force more productive and efficient. In the context of the Classical Full-Employment Model, graphically trace out and explain the effects in the labor, goods and capital markets. (For simplicity, assume the labor supply curve and the savings curve are both vertically sloped).
The simple case of a fixed per-unit tax is indicative of more complicated ones. Consider a proportional sales tax and a progressive sales tax. How do the tax revenues, and quantities produced compare in these various cases? Explain how value can be c..
Select one topic from below. This will be the subject you will research you will need to comprise an outline, a rough draft also the final draft.
If consumers perceive several goods to be homogeneous, they believe the goods to be,
How can it be said that the factor-content approach “reveals” a country’s factor abundance? What assumptions seem crucial for making this inference? Explain.
According to Keynesian theory:
Assume to two firms in an industry with an index of 5,000 announce a merger. The U.S. Justice Department concludes the merger will boost the index to 5,500. The antitrust authorities will most likely.
Why is consumer surplus never negative? What is consumer surplus? Consider a market with a demand curve of P=24-2Q and a supply curve of P=3+Q. Calculate equilibrium quantity. Consider a market with a demand curve of P=24-2Q and a supply curve of P=3..
At a university faculty meeting in 2012, a proposal was made to increase the housing benefits for new faculty to keep pace with the high cost of housing. What will likely be the long-run effect of this proposal?
A monopoly has two production plants with cost functions C1 = 40 + 0.2Q12 and C2 = 50 + 0.1Q22. The demand it faces is Q = 480 ? 5P. What is the profit-maximizing price?
Determine two leadership theories and two (2) leadership styles that support the definition of a public leader. Provide a rationale for your response.
Suppose that inverse demand is given by D(Q) = 56 − 2Q, Q = q1 + q2 and the cost function is TC(qi ) = 20qi + f Find the Stackelberg equilibrium and compare it to the Cournot equilibrium. 6. What is the SPNE for the entry game with the following timi..
estimating elasticity of demand please respond to the followingfrom the e-activity analyze the elasticity of demand for
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