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Suppose that the table below shows an economy's relationship between real output and the inputs needed to produce that output: Input Quantity Real GDP 300.00 $400 225.00 300 150.00 200 a. What is the level of productivity in this economy? Instructions: Round your answer to two decimal places. b. What is the per-unit cost of production if the price of each input unit is $5? Instructions: Round your answer to two decimal places. $ c. Assume that the input price increases from $5 to $6 with no accompanying change in productivity. What is the new per-unit cost of production? Instructions: Round your answer to two decimal places. $ In what direction would the $1 increase in input price push the economy's aggregate supply curve? The aggregate supply curve would shift to the . What effect would this shift of aggregate supply have on the price level and the level of real output? d. Suppose that the increase in input price does not occur but, instead, that productivity increases by 25% percent. What would be the new per-unit cost of production? Instructions: Round your answer to three decimal places. $ What effect would this change in per-unit production cost have on the economy's aggregate supply curve? The aggregate supply curve will shift to the . What effect would this shift of aggregate supply have on the price level and the level of real output?
Estimate the regression model (E) using the OLS estimator and provide a summary report of the result (i.e., the estimated equation with the standard errors and/or t-ratios with other relevant statistics).
Huntington advice that the emerging global economy will rising be faced with violent clashes between civilizations. Describe what Huntington means by the term civilization and explain why such clashes may be expected.
Is your explanation consistent with the fact that franchised tutoring services often charge a fixed royalty per student enrolled?
Sal Pizza Shop has a unique recipe for pizza, and currently its optimal price is $20 per pizza at a quantity of 200 pizzas per week. Its marginal cost is $12 per pizza when it produces fewer than 180 pizzas per week. The marginal cost is $15 per pizz..
My term paper will be about oligopoly market where the market in oligopoly situation is dominated by few number of sellers and would lead to a higher prices for consumers for the product or service they are getting.
suppose duopolists in the market for spring water share a market demand curve given by p 50 - 0.02q where p is the
over the past 12 months the four winds novelty company firm has recorded its internet sales equals monthly output
If a small country wants to protect its domestic producers from more efficient foreign competition by imposing an import tariff, will it come out ahead?
in supply management one component to explore is how an organizations supply chain helps to achieve a strategic
When you buy a set of speakers, Best Buy asks if you would like to purchase insurance for your speakers. Assume that paying for new speakers for customers who listen to music at a reasonable level (thus minimizing damage) costs, on average, $150, ..
two alternative replacement machines are being consided to replace a current one. machine a has a first cost of 75200
1. How might freeing up dead capital have helped to increase Mongolia's rate of economic growth 2.What type of investment would foreign residents undertake if they were to purchase a small fraction of the shares of stocks owned by Mongolia's ..
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