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Q1. Gerry receives a raise from $10 per hour to $12.50 per hour. After the raise, Gerry increase the number of channels in her cable subscription from 50 to 75,.What is Gerry's income elasticity of cable demanded?
Q2. Suppose we only use labor in a production run. How do we determine the optimal level of labor input in the short run? In other words what condition must be met?
Q3. for the production possibilities curve involving working vs. outsourcing errands which variable would be on the vertical axis and which on the horizontal axis?
Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
What are the factors that will allow them to increase their added value in this type of competitive environment.
A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.
Compute most favorable output also profit for each firm and the market price. Also, compute the resulting profit of cartel.
If the firm's MARR is increased to 25%, what would be the required savings in leasing so that the project would remain profitable.
Compare the effects of an aggregate-demand-induced recession with an aggregate-supply-induced recession.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
Solve for the equilibrium interest rate. Solve for equilibrium value of consumption and investment.
In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.
Suppose that the government imposed a $1 tax each time someone used an ATM.
Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
Explain the argument that lower corporate tax rates can increase tax income in Kenya. Reflect on the Laffer curve in your explanation.
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