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Projected increase or decrease in supply or an increase in quantity supplied a decrease in quantities wide for each of the following events and supply for x-rays at a radiology lab. Also protect the change in equilibrium price and equilibrium quantity for each event. Please treat each of them separately 2 Marks for each.
1. The price of x-ray film increases
2. An increase in productivity of x-ray technicians
3. And increasing complexity of medical cases that require more complex x-ray procedures
4. More ultrasounds done by different technicians at different labs are performed instead of x-rays
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent. Draw the new short-run Phillips Curve.
Suppose that an industry has six firms with market shares. % MARKET SHARES Firm ADerive the HHI. Suppose firms C and D propose a merger. Derive post-merger HHI. Might this merger be challenged under the horizontal merger guidelines?
Prepare a memo to the managing director that explains the different vehicles available that can be used for each of the Minimize income tax
What can you say about trends. Is the budget deficit getting larger or smaller. What about the national debt. Why are people so concerned about the size of the national debt
Real GDP per capita of China is $4,000, and its annual growth rate is 7%.Look at the scenario Growth Rates. According to the rule of 70, how large will China's real GDP per capita be in 20 years? PLEASE SHOW ALL WORK.
What are consumption and saving in each period, assuming no borrowing constraints? What happens if the consumer faces a borrowing constraint that prevents her from borrowing?
A firm is planning to build one of two types of plants. The short-run total cost of Plant A is CA = 80+2QA+0.5QA 2 while the short-run total cost for Plant B is CB=50+QB 2. (a) Determine the marginal cost functions for each of the 2 plants, and plo..
Using the Internet, research the influenza vaccine, or "flu shot." Use the following to guide your research:
different end points in their vision about the economy-Smith claims we end, as Heilbroner puts it, in "Vahalla" while Ricardo claims we end a relatively dismal steady state. In your thought paper, explore why they reach these strikingly different ..
Illustrate what other information would you want before you decided where to establish a new production facitily.
Mr Ngoe valued his car at £10,500 and insured it for a net annual premium of £855, which includes a no claims discount of 55%. (a) Calculate the gross annual premium.
The economy of Yahooland is represented by the following: C=50+0.25Yd, T=1000, G=1000, I=100 (a) Calculate the equilibrium level of output. Graph your solution.
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