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Two similar farms could have the same return to management but different net farm income due to:
differences in prices paid for inputs purchased
differences in amount of unpaid labor and equity capital used
differences in physical efficiency
differences in prices received for products sold
what is the underlying message of the following lyrics from keynes?keynes public works digging ditches war has the same
1. what are the eight basic facts about the financial structure in the u.s. economy? how do some of these facts compare
The long-run and short-run aggregate supply curves reflect fundamental differences between long run and short-run macroeconomic analysis. Graphically illustrate the long-run and short-run aggregate supply curves. Be sure to label the axes
Will fields with both oil and gas have greater difficulties in unitization, than the fields with oil or gas alone? Explain.
on what does the domestic currency price of a nation's imports depend? what would happen to the domestic-currency price of a nation's imports increases and the nation's currency depreciates?
the engineering department of a large firm is overly crowded. In many cases, several engineers share on office. It is evident that the distraction caused by the crowded conditions reduces the productive capacity of engineers considerably.
The unemployment rate
How will managers of a monopolistically competitive firm decide on the optimal level of production? Elucidate. Explain market forces that come into play in the short run if a monopolistically competitive firm is making a positive economic profit. How..
yumi is a lawyer specialized in mampa. when she takes a case she receives 1000 as a basic payment. if she manages to
Assume that the price of the consumption good (denote it by P) is exogenously given and equal to 2. Use W to denote the hourly nominal wage in the economy
Assume that a monopolist sells a product with a total cost function TC=1200 + 0.5Q2 and a corresponding marginal cost function MC = Q. The market demand curve is given by the equation P = 300-Q. a. Find the profit- maximizing output and price for thi..
Someone claims that under efficiency wage models "if the wage rate increases in a market with heterogeneous workers then we will have a shift in the labor demand curve, and not a movement along the c..
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