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For each of the following decide whether the statement is true, false, or uncertain and explain why. Your explanation is the important part of the answer, make sure to draw graphs.
If consumers decide to save more at a given level of disposable income than before, output will rise in the short run.
It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. Are you still thinking that Capital is blueprint for society.
How many units of x1 and x2 will the firm use to produce y units of the output? What is the cost of poducing y units of the output for this firm?
Indentify one group that would benefit from deflation and that would lose. explain why each group would gain or lose from deflation.
How do changes affect the equilibrium price and quantity of SUVs if a buoyant stock market makes people more confident about the future. What is the shift in the Supply and Demand Curves and provide a brief explanation of why each change occurs.
Suppose that you can own a car wash and that its total cost function is C= 20 + 2Q + .3Q^2 where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed.
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
You have been provided with an Access database that contains sales data from a small bakery. The data has information about the client, bread type, cost to produce the bread and sales. You have been tasked to provide a few reports. Provide and descri..
external benefit generated by sale of marginal widget is $100, regardless of how many widgets are purchased.
Discuss a major issue that has arisen with bond issuances in recent years. State your position on the solvency of the market going forward.
Given a two country (A & B) and two goods (X & Y) model with identical endowments: Draw the PPF for country A that displays increasing opportunity costs and also shows that country A produces more of good X. Explain why increasing opportunity costs o..
Four Seasons Hair Salon is the only women's hair stylist in Lake View. A business consultant has estimated its monthly cost functions as follows: TC = 2000 + 80 Q + 0.05 Q 2 MC = 80 + 0.1 Q The firm is faced with the following demand: Qd = 800 - 4 P...
Let x be eggs and y be bagels. An individual utility function is given by U(x, y) = ½ x + 1 y. This individual budget constraint is 4 = 2 x + 1 y. (You are encourage to draw this individual indifference map and budget line). At the point at which thi..
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