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Suppose that the Home country in the two-sector (manufacturing and agriculture) specific-factors model has a comparative advantage in agricultural output. What will happen to the real rental price of capital when trade occurs?
Overview of the project's objectives and scope
Most Social Security recipients do not currently pay federal or state income takes on their benefits. Assume the government proposes to tax these profits at same rate as other types of income.
Some games of strategy are co-operative. One example is deciding which side of road to drive on. It does not matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
Suppose that government purchases reduce by $10 billion, with other factors held constant. Compute the change in the level of real GDP demanded for each of the following values of the MPC.
Illustrate what economic policy should be adopted by regions with persistent economic problems.
If salary in the private organization are set equal to the value of the marginal product, how much will they rise yearly.
Make sure to discuss how Facebook has both impacted and been impacted by the technological and other changes that comprise a low-friction economy as well as in terms of supply and demand.
Organization where the market demand is given by QD = 1,500 - 40P, in the long-run equilibrium there will how many firms.
Imagine the opera has a capacity of 3000 seats and that all costs are fixed. If they can discriminate between the two groups, what is optimal price to charge to each group and how many tickets will each group buy?
Explain why is it that for sellers in a purely competitive marketplace, the price received for each item equals the marginal revenue.
Illustrate what is the own price elasticity for ATM fees charged to non-customers.
Sun City, Arizona, a retirement community that features full service living arrangements, is planning two proposals to provide lawn care to elderly residents.
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