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A lower price level in the United States affects the purchases of imported goods. Select all of the following affects of a lower price level in the United States on aggregate demand.
A. Quantity of aggregate demand increases
B. Aggregate demand increases
C. Import purchases increase
D. Import purchases decrease
Suppose the demand of the good is P = 10 - Q. A monopolist's total cost is TC = 2 + 4Q. What's the optimal price and quantity of the monopolist? B. Calculate the monopolist's profit (or loss).
What element(s) would you give as the cause(s) of Colbert’s failure to achieve his master plan for France?
What provision of the U.S. Constitution has played the most important role in the development of civil rights policy?
The single price monopoly faces a demand curve of p=90-Q and a constant marginal (and average) cost of m=$30. Find the profit maximizing quantity (or price) using math. Determine the profit, consumer surplus, welfare, and deadweight loss.
As an industry moves from being a monopoly to a monopolistically competitive one (due to entry of new competitors as monopoly's patents expire, for example), what happens to elasticity of demand curve facing firm.
Researchers have found a hybrid of corn that is cheaper to grow. This technological breakthrough
Consider the decision of a household to have additional children. As a result of the substitution effect(s) of a wage increase, economic theory predicts that: In the household production model, the income effect associated with a wage decrease will:
In the United States we have a only few laws for the states to obey. Therefore, in contrast to the federal budget, the budgets of the individual states-------
You invest in a fast food restaurant on Rt. 13 in Dover, Delaware (Hey, it seemed like a good idea at the time). You were required to invest $300,000. One year passes. You decide to sell your business. During the year you were paid $25,000 as your % ..
Which of the following is an assumption of neoclassical economics?
Now suppose the parameters of the model take the following values. what is the growth rate of output per person in this economy? what is the initial level of output per person? What is the level of output per person after 100 years?
q1. consider a monopsony employer in a labour market. elucidate explain how a union in this labour market might
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