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Despite the great achievements in health in the 20th century, the number of deaths from cardiovascular diseases have increased. Explain why this might have happened.
Under what conditions will a firm close in the short run? Explain the reasoning behind the shutdown rules. If a firm has short-run losses, when would it stay open?
Illustrate what will the level of output and price in the long run if this industry were perfectly competitive.
In the consumption savings model, assume that lump-sum taxes are zero and the utility function is given by U(c, c') = log c + β log c'. Suppose the government taxes on interest earnings i.e. borrowers face interest rate r while lenders face interest ..
All of these methods help an organization mold strong, smart, motivated employees that know how to do their job and can help the organization smoothly.
The Shakespeare Theatre has a monopoly on productions of Othello in Washington, DC. They hire you to analyze whether o?ering a “young adult” discount could help increase pro?ts. After some economic analysis, you discover that the demand curve for Oth..
Economists use the term capital to describe that factor of production that includes human-made resources such as factories, buildings, machinery and tools. A change in the price of hamburgers will shift the supply curve for hot dogs. If the price of ..
Why doesn’t the Fed simply keep increasing the growth rate of the money supply at faster and faster rates to drive the unemployment rate lower and lower? Wouldn’t the gains in terms of faster output growth far exceed the losses from inflation?
calculate the profit maximinizing output. calculate the economic profit earned. Illustrate what is the industry for product equilibrium.
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. what would be the n..
Do these public goods conform to the law of demand. For which public supplies is demand price elastic.
Illustrate what matters is not the absolute abundance of factors, but their relative abundance. Poor countries have an abundance of labor relative to capital when compared to more developed countries.
Over the course of this month he has to deliver to 50 spots. To do this job he has 4 possible combinations of output that he can use
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