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Consider a total cost function of TC = 0.5Q2 +10Q + 20 and the market demand equation Q = 70 - P. What is the profit-maximizing output and price for the perfect competition? Calculate its profit.
Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, progressive or, regressive What assumptions do you make in answering this question Do you think the tax that was imposed either efficien..
Discuss the cyclical behaviour of the budget deficit in South Africa and provide an explanation for this behaviour. (half a page with references)
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the following values of the MPC
Illustrate the similar price elasticity of supply, sellers would be able to pass along the smalles portion of a 10%tax on which item.
1. Compute the elasticity for each variable. 2. How concerned do you think this company would be about the impact of a recession on its sales? Explain. 3. Do you think that this firm should cut its price to increase its market share? Explain.
Write the macroeconomic issue about unemployment of Malaysia, the answer should explain why this issue happened, the impact of this issue (good influence and bad influence), must add the reference to support your explanation, please write this ans..
Use an appropriate diagram, demonstrate and describe briefly how a increase in minimum wage could result in higher employment in a monopolistic labor market.
1. name three other providers of urgent care services. emergency departments urgent care clinics and walk-in clinics
How dose commercial building in downtown that includes useable, landscaped, out door space contribute to social equity for the community and also low-income multi-family residential project close to downtown.
Suppose one economist believes the target rate of unemployment is 4.3 percent while another believes it is 5.5 percent. Using Okun's rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $12 trillion economy
global positioning units for cruise missiles by the government. new chalk by a local school board.
In a closed economy without a government sector, consumption is determined as 80% of the income available to households. Investment is autonomous at a level of £450.
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