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suppose you know that CLS's MRT of wine of garbage disposal services is 2:1(to obtain more bags of garbage disposal services requires a reduction of one bottle of wine (keep inputs constant), and Brewster's MRS of wine for garbage disposal is 3:1. For the society, would you recommend more garbage disposal services or more wine production?
During the 1990s, Western Europe experienced high rates of unemployment, while in the US, rate of unemployment remained far below natural rate.
In "The Journal Of Economic Perspectives" published by the American Economic Association studied the concept of standard of living from 1800 to the present. They talk about health, birth rate, length of life, literacy, and politics.
Robinson Plastics makes clear plastic products with injection molding techniques. Their latest invention is a plastic cup with a sharp blade mounted inside to cut prescription pills into small pieces. The cup is placed over the pill and as the cup..
Does the principle of "increasing opportunity cost" hold in this nation? Explain briefly.(Hint: What happens to the opportunity cost of bread-measured in the number of ovens-as bread production increases?)
Illustrate how is the magnitude of each affected if, instead of a moderate inflation, hyperinflation occurs.
Draw the daily budget constraint without any program participation for the single parent described above. On the same graph, draw the daily budget constraint under The Texas Family Assistance Program for the single parent described above.
Pk(price of one unit of capital)=1 tax rate=.15 Write the tax-adjusted user cost of capital as a function of the real interest rate(r). Also write the desired future capital stock and desired investment as functions of (r).
For each restaurant, write profit as a function of Px and Py and find the best response functions of the two restaurants.
What is the value of the money multiplier and What are the nominal values of deposits, currency, and reserves
Some economists did a study of market for economists in Britain. They discover that the quantity demanded was about 150 per year, and that the quantity supplied was about three hundred per year
What is the quantity of abatement that would be observed if the two communities could not reach an informal agreement among themselves, but each community could undertake a transaction with the factory? Would there be a free rider problem, yes or ..
Assume the elasticity of demand for chewing tobacco is .60 and the elasticity of supply is 2.30. Suppose an anit-chewing tobacco campaign decreases the demand for chewing tobacco by 18%. The equilibrium price of chewing tobacco will decrease by ..
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