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Econ: true or false questions
A3-1. The government recently increased the child benefit. This benefit sends cash to households with children regardless of how much they work. This benefit will make households who receive it better off and have no effect on labour supply.
A3-2. The government recently decreased tax rates for middle income earners (effectively increasing the after-tax wage for these households). We can be sure that the change will increase labour supply for these households.
A3-3. If the marginal product of labour is diminishing over some range of labour input, the short-run marginal cost of production is increasing over the range of output produced by this labour.
A3-4. The short-run marginal cost curve passes through the minimum point of the short-run average total cost curve.
A new aerated sewage lagoon is required in a small town. Earlier this year one was built on a similar site in an adjacent city for $2.3 million. The new lagoon will be 65 percent larger. Use the data in Table 2-l to estimate the cost of the new lagoo..
what are the four assumptions in the production possibilities curve and how can unemployment be illustrated with that
What are the impacts of innovation and technology on the cost of production? How does technology affect market structure and real-world competition?
If there is an alteration in the price of an input utilized to produce a good, why is that a change in supply when an alteration in the price of the good itself is a change in the quantity supplied?
1.Health care expenditures represent an increasingly large portion of the economy. Currently health care expenditures are growing past 20% of GDP. Part of the increase in expenditures relates to the choices patients make about the type of ca..
How much is the per-unit tax on cigarettes and what price do consumers pay after the tax - how much tax revenue is collected?
When is the mean the best measure of central tendency? When is the median the best measure of central tendency? Explain.
Examine a perfectly competitive firm that you have recently purchased a product from, focusing specifically on how the firm operates relative to the characteristics of the market.
cleanauto inc. has four workers julie ian devon and thomas. cleanauto inc. provides two services interior vacuuming
Analyze the factors that impact your choice of inputs to produce the chosen product or service. For example, how would a change in the price of raw materials impact the combination of inputs?
What can you ?nd out about the trend to outsource high-end ser- vices like these? Is it on the up tick? Is it expanding to include other services which re- quire advanced professional training?
Evaluate the MU in the utility functions
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