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Draw a production possibilities curve (PPC) with an aggregate gauge of medical services Q, on the horizontal axis and an aggregate measure of all other goods and services, Z on the vertical axis. Discuss the implications of the following changes on the quantities of medical services and all other goods
A movement along the curve
A movement from the interior of the curve to a north easterly point on the curve
The primary gain from international trade is increased employment in the domestic-export sector. more goods than would be attainable through domestic production alone. tariff revenue. increased employment in the domestic-import sector.
Construct a table showing the (net) marginal revenue product derived from assembly worker employment and how many assemblers would Just Bikes employ at a daily wage rate of $100? Explain your answer and show all calculations.
you are the owner of a fast food restaurant. given a new item that you recently advertised you experience additional
What is Diminishing Marginal Productivity and how does it affect costs. Give examples seen in the real world.
how many units of each product should she buy in order to maximize her utility. Show this utility maximiz- ing combination combination of Pepsi and Coke on the graph. how would her consumption and utility maximizing bundle of Coke and Pepsi change..
economic scenariothe u.s. is in recession and at last report gdp was shrinking at a rate of 1 per year.the unemployment
Suppose the market demand for pizza is given by Qd = 300 - 20P and the market supply for pizza is given by , where (per pizza): Qs = 20P - 100
1. the following table shows the number of calculators that can be assembled per week by various numbers of
a profit maximizing monopolist is earning a postive economic profit. if workers wages rise what happens to price and
suppose that in 1984 the total output in a single-good economy was 10000 buckets of chicken and the price of each
National defense is considered a public good because there appears to be no limits to the nonrivalry-in-consumption characteristic, and exclusion of nonpayers is impossible. Are there any other goods that so perfectly meet both public goods criter..
dave bought a rental property for 200000 cash. one year later he sold it for 240000.a- what was the return on his
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