### Cost curve is mislabeled as the average fixed cost curve

#### Suppliers produce more goods-services when price increases

Phillip’s Curve: For each of the following draw an AD/AS diagram and a corresponding Phillip’s curve assuming the following: suppliers produce more goods and services when pri

#### Drawing on current business publications

Drawing on current business publications and using the opening case of the chapter as a guide, discuss how the slow economic recovery in 2011 and 2012 has affected the current

#### Consumed as result of out-of-pocket price reduction

Assume demand for a medical service is given by the equation P = 1000-2Q. Assume the price without insurance is \$100, but insurance reduces the consumer’s out-of-pocket price

#### Find the value of short-run demand for labour

An IT company called Zucchini has the following production function: y=16L^(1/4) K^(1/4). (A) Using the following two conditions for profit-maximizing in the long-run, show th

#### Two types of workers-high-ability and low-ability

Suppose there are two types of workers: high-ability and low-ability. Workers know their own abilities but firms do not. A high school diploma costs a high-ability person \$10,

#### What problem is the economy facing

What problem is the economy facing? Assume you are a governor on the Federal Reserve Board of Governors. What type of policy (easy money or tight money) would you recommend to

#### What is primary prediction of the philips curve

Over the past several years, the predictions of the Philips Curve haven’t exactly panned out. Now, with the expectation of meaningful expansionary fiscal policy on our horizon

#### Illustrate what was the value of the government expenditure

Illustrate what was the value of the government expenditure multiplier. Suppose that investment declined by \$40 to a level of \$60. What will be the new level of equilibrium in