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Use the production possibilities frontier (PPF) to demonstrate economic growth.
a. With consumption goods on one axis and capital goods on the other, show how the combination of goods select this period affect the PPF in the next period.
b. Extend this comparison by choosing a different point on this period's PPF and determining whether that combination leads to more or less growth over the next period.
Elucidate how many workers the firm should hire for different values of the wage rate in order to maximize profit.
Could trade help reduce poverty in Brazil and other developing countries. How do product and factor prices and wages eventually equalize between the two countries.
If a firm is losses money, it might be enhanced to stay in business in the short run. Is this statement ever true.
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
Graph the following statements using demand curves only, elucidate how whether there is a change in demand
What happens to the demand for Sara's sweatshirts in long run. In long run, what happens to Sara's economic profit.
Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
Elucidate using a diagram the substitution also income effect which would result from a change in the price of a normal good.
The subsequent cell-phone offer by Sprint is typical of Illustrate what one can get on a cell phone plan. Illustrate what is marginal cost.
Demonstrate how growth accounting could be utilized to learn the value of g. Analyze the effects of an unanticipated permanent reduction in g on the real income rate also the real interest rate.
The market demand also supply functions for a raw chocolate are estimated.
Suppose the government decides to increase taxes by $40 billion in order to increase Social Security by the same amount. Explain how will this combined tax-transfer policy affect aggregated demand at current prices.
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