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What is the most obvious economic indicator to look at to tell if a recession has been caused by an aggregate demand shock or an aggregate supply shock? Include an AD-AS diagram for each type of shock in your explanation.
Suppose a typical consumer`s inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P=15-3Q. The marginal cost for gathering and bottling the water is $3 per gallon. Find the optima..
The price elasticity of demand for hardback is 0.5 and the price elasticity of demand for paperback is 2. Suppose the publisher increases the price for hardback by 10% and decreases the price of paperback by 10%. Complete the following table. Does pr..
China’s real GDP was 7,394 billion yuan in 2005 and 8,000 billion yuan in 2006. China’s population growth rate in 2006 was 0.5 percent. Calculate China’s economic growth rate and growth rate of real GDP per person in 2006.
Assume that you are the newly appointed head of the NCAA. Construct a framework for a new scholarship program that would entirely replace the existing system. Describe what should be its tenets if
Consider a Total Cost Function C=10+Q. What is the equation of AC(q)? If Marginal Cost MC=1. Construct an Index of scale economies. Does this industry display Economies of Scale? Write a few sentences about what this might mean for competitive outcom..
What is your bottom line in negotiations with the telecom? Suppose you agree on a price slightly above your bottom line.
What are the ways that designers force us to focus on necessary concepts of a play, or how designers force your focus to necessary concepts of the play? and How designers influence your emotions about those concepts?
Give a detailed account of the various factors which determine whether an individual (or group) will migrate from one place to another. Briefly explain with the help on an example what is meant by the Screening Hypothesis.
Most empirical studies find that people with more formal education than others also in general tend to receive more on-the-job training during their careers. Why do you think this is true? What is the implication of this fact for the dispersion of wa..
Explain that how the physical state of the hazardous substances has potential for harm. What is moral hazard? List three things an employer might do to reduce the severity of this problem. Why is the Solow Model considered an “exogenous” growth model..
Illustrate what is maximum amount you would pay for offer of $2,000. Suppose offer was $2,000, but delivery was to be in 2 years instead of 1 year. Illustrate what is maximum amount you would be willing to pay.
A land development company is considering the purchase of earth-moving equipment. The equipment will have a first cost of $190,000 and a salvage value of $70000 when he company sells it in 10 years. A service contract for maintenance on the equipment..
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