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If the aggregate-demand curve is given by the equation P = 400 - (2 ´ Y), and long-run aggregate supply = 100, the long-run equilibrium price level equals
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. Explain how would you describe this industry.
Suppose that real GDP grew more in Country A than in Country B last year. Which of the following does this imply concerning productivity or standard of living?
A contractor is considering whether to buy or lease a new machine for her layout site work. Buying a new machine will cost $12,000 with a salvage value of #1200 after the machine's useful life of 8 years. On the other hand, leasing required an annual..
Find out the optimal prices, the number of tickets sold in each area and the seller's profit given that the seller wants to serve all consumers.
Using the supply and demand analysis of the market for reserves indicate what happens to the federal funds rate, borrowed reserves and non-borrowed reserves, holding everything else constant, under the following situations. The Fed conducts an open m..
q.briefly what is probability1 work the following problems 2 tell me what rule or principle you used to solve them and
q.use demand and supply curves feel free to use graphical depictions but it is not required to help you determine the
The New York Times (Nov 30, 1993) reported that 'the inability of OPEC to agree last week to cut production has sent the oil market into turmoil. the lowest price for domestic crude oil since June 1990.
Calculate the income elasticity of demand for each of the following goods: Quantity of demand when income is $10,000 Quantity of demand when income is $20,000
Determine whether the following transactions involve spot exchange, contracts, or vertical integration. Explain.
An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop.
Suppose the demand curve for a product is represented by a typical downward-sloping curve. Now suppose that the demand for this product increases. Which of the following statements accurately predicts the resulting increase in price?
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