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What reasons might Marx have had to change from his original formulation: "the two factors of the commodity are use-value and exchange-value" to the formulation: "the two factors of the commodity are use-value and value"?
This question is intended to understanding of the basic Ricardian model by having you work through a problem on your own. There are two nations, Canada and United States, and two goods X and Y.
When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand falls, causing prices to go down even a little bit, all of the firms in the industry will be driven out of business
Describe why personalized pricing or 1st degree price discrimination is g enerally more profitable than menu price. Why, if this is the case, do companies use menu pricing?
consider the market for corn in the united states. suppose that the mandated percentage of ethanol in gasoline is
In considering the net effect of expansionary fiscal policy on the trade deficit, the. Income effect offsets the price effect. Price effect offset the income effect
At the equilibrium price, the demanded is equal to the quantity supplied. At any other price (called a disequilibrium price) there is either a shortage or surplus. Calculate the amount of the shortage at a price of$ 5.30.
What are governments fiscal policy options for moving the economy out of a recession Speculate on which of these fiscal options might be favored by a person who wants to preserve the size of government and a person who thinks the public sector is ..
Identify what problem this economy is facing and describe two specific policies the Federal Government might follow assuming the MPC in this economy is 0.67. Provide specific numbers when describing the outcomes of the two different policies and e..
Find the project's expected cash flows and NPV. Now suppose the BSI can abandon the project at the end of the first year by selling it for $6 million. Assume the salvage value is risky and should be discounted at the WACC.
consider the following cobb-douglas production function for the bus transportation system in a particular
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on checking accounts
employees who are represented by a uion are paid approximately 30 more in terms of pay and benefits costs than
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