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Given the following diagrams: Q1 = 12 bags. Q2 = 7 bags. Q3 = 19 bags. The market equilibrium price is $34 per bag. The price at point a is $70 per bag. The price at point c is $10 per bag. The price at point d is $49 per bag. The price at point e is $24 per bag. The price at point f is $48 per bag. The price at point g is $13 per bag. Apply the formula for the area of a triangle (Area = ½ × Base × Height) to answer the following questions.
If my optimal choice for two goods (cookies and milk) is different from two different weeks (for example, week one is C:8,M:16 and week two is C:16,M:16) BUT INCOME IS THE SAME throughout all weeks ($8).
A) Calculate the country's steady state level of output per worker. B) Now suppose k is equal to 400. Is the country at its steady-state level of output per worker, above the steady-state or below the steady state
Assume that the United States is initially operating at its full-employment level of output and prices and wages are eventually flexible both upward and downward. Construct a long-run AD-AS model.
Illustrate what are some advantages of a unionized organization. What are some disadvantages.
According to a short article published in The Wall Street Journal on September 18, 2015, "The dollar extended declines against ... Japan's yen after Thursday's sharp losses against a broad range of currencies.
Why is it important for an economist to fully understand the way firms and capital markets function?
A monopolist with a marginal cost of MC = 5 + 10Q experiences a change in market conditions. The inverse demand curves rotate from P = 40 - 5Q to P = 47 - 2Q. What happens to the profit-maximizing price following the rotation of the demand curve?
Assume a two-country world containing country A (whose currency is the dollar) and country B (whose currency is the peso). In this context, and using relevant graphs, explain how a depreciation of the dollar against the peso (for example, a 10% depre..
What are the advantages and limitations of palmtop or handheld computers (including smartphones)? Do you have one? If so, for what do you use it? If not, what features would be particularly attractive to you?
What type of tax structure is the "fairest." What, if any, alternative tax structure would you propose to replace the federal income tax?
Every so often, a disgruntled college graduate sues her school on grounds that her tuition payments did not land her the good job she was expecting when she started there. Courts invariably throw out cases like hers. They are, however, willing to ..
Given the Production Function of a perfectly competitive firm, Q = 160L + 18L2 - L3, where Q = Output and L = labor input a. At what value of L will Diminishing Returns take effect? b. Calculate the range of values for labor over which stages I, II, ..
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