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Suppose the demand for car washes in Collegetown falls as a result of a cutback in college enrollment. Show graphically how the price and output for the market and for a single firm will be affected in the short run and in the long run. Assume the market is perfectly competitive and that it is initially in long-run equilibrium at a price of $12 per car wash. Assume also that input prices don't change as the market responds to the change in demand.
Identify the existing effect of the economic factors on aggregate demand and supply - Identify fiscal policies that are currently being recommended by government leadership.
If the way wages were fixed in that job does not correspond to the neo-classical theory, is there another theory, among the ones we talked about in class, that would explain it better (i.e. another theory that could explain the way wages were set)..
1 find the total revenue of the monopolist when it sells 6 units of the commodity without practicing any form of price
What is a decision rule? Why do we need it and how is it developed?Define and describe Type 1 and Type 2 errors - which, in your opinion is more egregious?
what is the difference between contractionary and expansionary monetary policy? what is the intention of each policy
The challenge that each country is facing is to ensure that trading is going to influence more production within the domestic economy. In the US, we have a trade deficit, which means that we import more than we export. How do you think the US economy..
create an overall index of resource reliance by adding together energy depletion forest depletion and mineral depletion
Consider the market for used cars. Each car on the market has a quality, denoted q, which can take any number between 0 and 10, with equal probability. In other words, q follows a uniform distribution on the interval [0,10].
In other words, does it matter whether the deficit is caused by lower taxes, increased defense spending, more job-training programs, and so on In your analysis, what role do fiscal and monetary policies have to lead to higher
how to Write an analysis of an organization researched to examine the specific dynamics within the organization. (The organization must be approved by the instructor.) The analysis may address one or more of the following components.
explain how foreign exchange rates are determined. how do changes in interest rates inflation productivity and income
Suppose that macroeconomic forecasters predict that the economy will be expanding in the near future. How might managers use this information?
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