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Suppose that the market labor supply and labor demand equations are given by Qs = 5W and Qd = 30 - 5W. If a minimum wage is set at $4.00 (W = 4), then how all step by step.
Elplain the casual factors of the traditional business cycle and its effects on sectors of the economy
Examine the pros and cons of commercial transactions in blood from the egoistic, the utilitarian, and the Kantian perspectives
A textile mill releases pollution into nearby wetlands, and the associated health and ecological damages are not considered in the private market. Suppose you observe the following
Determine the GDP price index for 1984, using 2005 as the base year
What was Real GDP for 2009? What does GDP tell us? How did GDP change from 2008? What caused these changes? What was GNP for 2009? What is the difference between GDP and GNP?
what is analitical approch to macroeconomics
what are the advantages and disadvantages of a national income and green GDP? national income figures are often used to compare living standards across countries and through time.
short notes on absolute advantage
Consider a model of Cournot competition as studied in class, with 2 firms and a linear inverse demand function P(Q) = a - Q (where Q = q 1 + q 2 is the total quantity produced by
What is ‘Third degree Discrimation
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