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Consider two economies, one with a relatively flat aggregate supply curve and one with a relatively steep aggregate supply curve. In which economy will the governement have more succes in raising GDP by increasing its spending? What factors do you think determine the slope of the aggregate supply curve?
Explain how would each of the following theories of comparative advantage explain the fact that the United States exports computers.
If the cost function for John's Shoe Repair is C(q) = 100+10q-q^2+(1/3)q^3, what is the firm's marginal cost function? What is its profit maximizing condition if the market price is p? What is its supply curve?
What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in which the distributor of the film price discriminates.
A representative company with long-run total cost given by TC = 2,000 + 20q + 5q2 operates in a competitive industry where market demand is given by QD = 10,000 - 40P.
Elucidate whether the following statements are positive or normative economic statements, and explain why you categorized them in that way.
Discuss how conservatives, liberals and radicals explain the causes of and solutions to poverty. what evidence do they use to support their view.
Explain whether the evidence above suggests whether the dollar is appreciating or depreciating relative to the Euro. What is your conclusion? Explain how you come to that conclusion.
Describe this mean that the area affected by the natural disaster has experienced economic growthIllustrate what are the seen effects and what are the unseen effects.
Now what will your price be? How much deadweight loss will your firm created? After the election, you decide your firm is not making enough money. So you hire the lobbying firm C&E. C&E are able to convince regulators that you should set your pri..
When the U.S. dollar appreciates, two things happen: aggregate demand shifts to the left, and aggregate supply shifts to the right. Why does aggregate supply shift to the right?
Jessica has $10,000 invested in corporate bonds with a stated interest rate of 8 percent and $10,000 in tax-exempt municipal bonds issued for governmental activities with a stated interest rate of 6 percent.
Explain how has technology impacted the workplace over the last ten years. What impact have these changes had on costs and prices.
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