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Describe the output and price effects that influence the profit-maximizing decision faced by a firm in an oligopoly market. How does this differ from output and price effects in a monopoly market?
Find information on GDP and its components and calculate the percentage of GDP for the following components for 1950, 1980 and 2005:
The State of Glottamora has $100 million remaining in the budget for the current year. One alternative is to give Glottamora a one-time tax rebate. Alternatively, two proposals have been made for state expenditures of these funds.
In response to pressure from environmentalists the government now tightens the maximum damage standard to 4 units. How much fertilizer will farmers use now? What will their profit be? What is the net societal benefit? What is the value of ??
Utilizing an appropriate diagram, show and explain briefly how a rise in the minimum wage could result in higher employment
Draw a diagram describing autarky and a pattern of comparative advantage for your example.
Suppose that the economy is at full employment and government make decision to cut taxes to give the economy an extra boost.
Consider a nation with an economic structure consistent with assumption of classical model. Assume that businesses in this country suddenly anticipate higher future profitability from investments they undertake today.
Melinda would like for her descendants to be able to withdraw 40000 every year forever starting in 30 years. She has found an investment that will provide her a guaranteed 10% return forever. To fund the withdraws she will make ten equal annual d..
A new machine used for filling cans of liquid hairspray can be set for any average fill. If the amount of fill is distributed with a variance of 0.0025 oz.^2, what setting will cause 93% of the cans to contain 12 oz. or less of liquid
In an expansionary fiscal policy to overcome current recession, the Federal Government increases its expending to improve the nation's physical infrastructure
One supply-side measure introduced by the Reagan Administration was a cut in income tax rates. Use an aggregatedemand/aggregate supply diagram to show what effect was intended. What might happen if such a tax cut also shifted the aggregate demand ..
Expalin why did not Keynesian theory provide successful solutions to the German economy where unemployment currently around 14%.
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