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equilibrium in commodity markets is attained when y = rs.850-2500r; and equilibrium is attained inequilibrium in commodity markets is attained when y = rs.850-2500r; and equilibrium is attained in the money markets when y = rs.500 + 5m + 1000r, where y is real income, r is the rate of interest and m is real money supply full employment equilibrium exists at rs.650 real income. if the nominal money supply is rs.200 and the price level is 1, (i) is the economy operating with inflationary or deflationary condition?(ii)At what price level will there be simultaneous equilibrium in all markets?
Suppose that you are the owner and operator of a perfectly competitive firm with the following total cost function.
Elucidate the rationale and the implications of the new guidelines used by the Department of Justice and the Federal Trade Commission for evaluating proposed mergers.
Describe how changes in the macro environment affect individual firms and industries through the micro economic factors of demand, production, cost and profitability.
Mining is proposed for a wilderness area that provides two benefits: recreation due to backpacking opportunities and biodiversity there are endangered wildlife and plants.
Utilize this expression to derive the potential bounds for the income elasticity of other goods.
Illustrate what are the optimal prices for each product if you sell these products separately. What are your firm's profits. Explain.
Discuss the Federal Reserve's assessment of the current economic activity and financial markets. Elucidate the Federal Reserve's current view about inflation.
Elucidate what is michelle's opportunity price of producing 200 potatoes in a year. what is michelle's cost of producing 50 chickens in a year.
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
If you each charge a high price, you each earn profits of $200. If you charge different prices, the one charging the higher price loses $50 and the one charging the lower price earns $300.
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.
Smoking is banned from most public buildings in most states across the U.S. today. What type of market failure is the smoking ban intended to address. Illustrate what other options might be considered.
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