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Draw a Keynesian short-run aggregate supply curve in which there is excessive unemployment and unused capacity in the economy.
a. If aggregate demand were to increase along a Keynesian short-run aggregate supply curve, what would happen to the price level and real GDP in the economy?
q1. explain how does an increase in transport costs change the gains from trade in melitzs 2003 model? are the effects
NonLegal Seafoods (NS) sells its excellent clam chowder in Boston, New York, and Washington. NS has estimated that the demands in these three markets are respectively QB = 10,000 − 1,000PB, QNY = 20,000 − 2,000PNY and QW = 15,000 − 1,500PW, where qua..
q1. you have been hired to be a consultant on pricing strategies for two different companies. both of the companies
The profit in dollars from the sale of x expensive watches is Px=0.03x2?3x+2x0.3?5000. Find the marginal profit when (a) x=300, (b) x=2000, (c) x=5000, and (d) x=10,000.
Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of the plywood is $800,000 per month. The variable cost per thousand board feet is $155.50. For this situation, d..
Can you think of a product that is a large part of your budget where the price elasticity of demand is very low? Why is it so low? In estimating demand functions, what is the most important thing to remember? Why?
Clarify why you chose this agency as well as what the impacts to you have been. Do you consider the impact to be positive or negative.
While generics account for more than three quarters of all prescription drugs sales by volume, they account for only 10% of all prescription sales revenues. It was not until after World War II, that it became clear that control over drug safety mecha..
How are the identities S = NCO + I and NCO = NX related to the foreign-currency exchange market and the loan able funds market?
Illustrate what is the distinction between marginal revenue product also marginal revenue. How does the government of Canada redistribute income.
Define benefit and cost externalities. Explain why situation involving benefit externalities tend to result in an under allocation of society’s scarce resources.
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