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Suppose the economy initially produces 3,300 bushels of wheat and 1,500 garments of clothing, which is represented by point A. Society then decides it wants to produce 1,000 more garments of clothing, so the economy moves from point A to point B.
Illustrate what is the opportunity cost of 1,000 garments of clothing in the range between points A and B?
Congress does not have enough votes to override a veto. Draw a tree for this game and ?nd the rollback equilibrium.
Elucidate the way in which short-run AFC, AVC, ATC also MC vary as the output of the firm increases.
Illustrate what were the major factors that have affected US household consumption While the recession in 2001
A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning.
What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant. Elucidate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.
Would a typical hedger be willing to pay a risk premium in order to hedge by buying foreign currency forward.
Write down the profit maximization problem for the rm.
Assume instead that the industry can sell any also all of its output at the fixed marketplace price of P = 120. Find out the industries optimal output.
Howard Bowen is a large-scale cotton grower. The land as well as machinery he owns has a current market value of $4 million.
If none of the high-cost firms makes a positive profit, how large is n. Elucidate how much profit do the low-cost firms make.
Ben Laden is considering an attempt to differentiate his product from several other competitors by using high quality natural herb dyes.
What is your thought about tracking the U.S. Economy and Unemployment and Inflation.
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