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When an economy experiences a one-time increase in productivity, there is an immediate increase in A) the saving rate B) consumption per worker C) the capital-labor ratio D) the depreciation rate
Popular movements like "buy/shop local" seem to contradict the principle of specialization according to comparative advantage. How does the theory of comparative advantage influence your opinion on these movements and why?
What are the key points in a short-run production function that delineate the three stages of production? Explain the relationship between the law of diminishing returns and the three stages of production.
Suppose that a manufacturer is a monopolist in selling some product to a number of competitive retailers at wholesale price w. The manufacturer has marginal cost of $10 per unit. What is the market equilibrium retail price p? What is the profit-maxim..
The Credit Company offers to loan a college student $6300 for school expenses. Repayment of the loan will be in monthly installments of $266.73 for 30 months. What nominal interest rate is being charged on this loan? The nominal interest rate that is..
The terms of trade if the united states trades 1 can of soda for 5 units of clothing.
Conduct an analysis of a recent article and provide your evaluation and outcome expectations in an articulate and informative paper that discusses: Identification of three to five macroeconomic indices. Definition and explanation of the indices, e.g...
Consider a strategic setting in which two geographically distinct firms (players 1 and 2) compete by setting prices. Suppose that consumers are uniformly distributed across the interval [0,1], and each will buy either one unit or nothing. Firm 1 is l..
Have you thought about starting your own business? What opportunities seem attractive? What type of financial resources and personal skills would you need to launch a new business? How would you obtain these financial skills and personal resources?
q.university of richmond professor erik craft analyzed the states pricing of vanity plates. he found that in california
How did the Federal Reserve let the banking system collapse in the 1930's Great Depression? Did The Fed get things right in our 2008 crisis and since then?
The demand function for a firm’s product is Q(P) = 50-P/10. The firm’s cost of production is C(Q) = Q^3-20Q^2+125Q. The firm’s problem is to choose the value of Q≥0 that maximizes its profit. Calculate the firm’s inverse demand function. Calculate th..
I think people would agree that the one most ubiquitous tool for welfare measurement in the economic literature and in economic education is the notion of total surplus. Throughout it's history, total surplus has been criticized several times and on ..
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