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We have done a fantastic job getting a basic understanding of unemployment. Let's take a look at some additional ideas on unemployment. The text gives us various "types of unemployment" beginning on page 411. What types of unemployment does the text describe? Can you give an example of each?
Show an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies.
Identify each of the following acts as representing either saving or investment.
Manager of a computer company plans to spend on new hardware $3.5 million in the first year with amounts decreasing by $0.2 million each year thereafter. Income of the company is expected to be $8.0 million the first year increasing by $0.3 million e..
What would be the socially optimal number of firms if F = 0? What does this suggest about the likelihood of F = 0? What is the role of F in determining the optimum number of firms? The delivery cost?
q. clarke mementos manufactures small figurines that they sell to retailers around the country. clarke sells the
Elucidate Average costs are minimized when marginal costs are at their lowest point.
Describe the shape of the average total cost function and also label the minimum point on the curve.
how will my answers change if supply was perfectly inelastic. If supply was perfectly elastic. If demand was perfectly inelastic. If demand was perfectly elastic.
Using the fundamental equations from the simple monetary approach, describe how each of the following will affect the home and foreign price level, real money balances, and the exchange rate, EH/F . Also, state whether the home currency appreciates o..
Suppose the country of Liliput exported 229 billion dollars worth of goods while they comported 489 bilion dollars worth of goods in the last calendar year. Calculate Liliput's balance of trade:
The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..
Assume only one variable input, which is labor (L). Which one of the following is FALSE for a typically shaped short run production function? (TP=total product of labor, AP=average product of labor, MP=marginal product of labor.)
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