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How would you respond to the foloowing, " When producers reduce prices for goods and services, it increases consumers surplus and everyone's standard of living. Therefore, it behooves government to impose below market price ceilings on consumer goods, thereby increasing consumers surplus and making everyone better off." What would be the effect of this policy?
Explain how do real GDP and the cost level change if the forecast of inflation turns out to be incorrect.
What level of output should you produce in the short run?b. What price should you charge in the short run?
Even those who were not directly affected by the destruction were hurt because businesses failed or contracted and jobs dried up.
Elucidate how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is related to the value of its marginal product.
Elucidate how consumers in an economy can be better ff if the marginal rate of transformation does not equal consumer's marginal rate of consumption.
Solve the firm's short-run cost-minimization when capital is fixed at a quantity of 5 units (i.e. K ? = 5). Derive the equation for the firm's short-run total cost curve as a function of quantity Q and graph it together with the long-run total co..
Discuss the information asymmetry, the adverse selection problem,and why soft selling is a successful signal.
Determine the after-tax rate of return on this investment. Uncle Elmo thinks it should be at least 8%. If Uncle Elmo could sell the generator for $7000 at the end of the fifth year.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
For se shipment patterns, what would be better brewery location for minimizing annual transportation costs to warehouses.
If you are near graduation and plan to start your new job in 3 weeks, how does the Bureau of labor statistics classify you? Unemployed, employed or notin labor force.
Elucidate how do you expect the demand and supply of the good or service to change in the next year. Support your answer.
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