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Discuss the following statement from the standpoints of equality and efficiency: "When workers are laid off, they should be able to collect unemployment benefits until they find a new job."
We derived the total cost curve from the total product curve by assuming that the price of the variable input was constant. How would the total cost curve change if the price of the variable input increased. You should answer this by drawing two to..
Suppose that normal workers increase a rm's revenue by $6, while smart workers increase revenue by $A, where A > 6. Firms cannot tell smart workers from normal workers ex ante, but can observe a worker's educational level.
Techland and Clothworld are 2-nations with the similar number of employees. In Techland each employee can make 4 units of technology OR 4 units of clothing.
Ceteris paribus, coffee Brand X and coffee Brand A are substitutes in consumption. The price of coffee Brand X falls. a. What happens to the demand for coffee Brand A b. What happens to the demand for coffee Brand X
Explain how would each of the following theories of comparative advantage explain the fact that the United States exports computers.
Given a numeric production schedule, you will calculate profit and make decisions about short-run profitability to answer questions relating to your calculations. Jerry's Lock Shop is a perfectly competitive firm, and Jerry is operating at his lev..
Most wild Asian tigers are the common property of the humans and governments that control the lands they inhabit. Why does this pose a significant problem for maintaining the wild tiger population in the future.
The rules of the federal government influence outcomes of many activities in that economy. When government rules change or unplanned events occur, the resulting economic activity will usually change.
Suppose that the demand for the final product drops. Using labor demand curve D1 as the starting point, what happens to the demand for labor?
Explain how these twodemands can be combined graphically to determine total moneydemand. How is the equilibrium interest rate in the moneymarket determined?
Assume the Sri Lanka government awarded contracts to private companies to rebuild the countryâ.
If the AD shortfall is $600 billion and the MPC is 0.9, ( a ) How large is the desired fiscal stimulus? ( b ) How large an income tax cut is needed? ( c ) Alternatively, how much more government spending would achieve the target
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