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Suppose K = 1,000; L = 200 workers; and M = value of all materials use at 450. Derive the total product or output.
1) Find the Marginal products of capital, labor, and materials (individually).
List out three problems of decentralized power that existed under the articles of Confederation . For Each problem you listed, identify one solution that the Constitution provided to adress the problem.
As the exclusive carrier on a local air route, a regional airline must conclude the number of flights it will provide every week also the fare it will charge.
Describe the mechanism that leads from a change in fiscal policy to changes in interest rates, the exchange rate, and the current account balance. Do the same for monetary policy.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
A Wall Street Journal offered the following opinion of the bond market in September 2012, when inflation rate was about 2%: “Someone buying long-term bonds yielding 1.5% or 2% and then seeing consumer price inflation of 4%, will be on the losing end ..
Elucidate each of the following statements using supply- and- demand diagrams. a. " When a cold snap hits Florida, the price of orange juice rises in supermarkets through-out the country."
Borrowing in the form of debt is riskier than borrowing in the form of equity. Explain why this is true.
The Marginal Rate of Product Substitution (MRPS) is the rate that one output must be decreased as production of the other output is increased. The most common form of MRPS is?
Find the net demand curve-facing industry A. Conclude A's optimal price also o/p. How much o/p do the other Industries provide in total.
If we know that expansionary monetary policy cannot create real economic growth in the long-run, why would it ever be used in the short-run?
Home price escalation in the U.S. during 2005 fueled booms in:
q.according to the agreement achieved by the administration and the congress were there a breach of the debt ceiling
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