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Q1. How does your analysis of VMP change if employer is a monopolist producer of its output but price-taker in the labor market?
Q2. Canadian gas companies shipped 21.4 billion cubic meters to the US last year, up from 20.1 billion in 1983, according to figures released Tuesday by the Canadian Gas Association. But lower prices permitted under new federal regulations instituted last year, reduced the over-all take from $3.94 billion to $3.92 billion."
Compute demand of price elasticity of for natural gas sold to the US.
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
To build trust among virtual team members, managers should Deep-six the egos
Explain the difference between Discretionary Fiscal Policy and Automatic Fiscal policy. Provide an example of each.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
Explain how the indifference curve and budget line apparatus are used to derive a consumer's demand curve.
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money.
A county is considering using a piece of park land for one of two alternative recreation projects.
To find and explain the Nash equilibria of a widespread form game can I use the equivalent normal form game to do that.
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.
Which is a tax on profits generated from mining of iron ore and coal.
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