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Reasons why people continue to migrate from diverse rural areas into the crowded and congested cities in spite of high and rising levels of urban unemployment?
1) At a price of $9, the marginal revenue of a monopolistically competitive firm is $5. If the marginal cost of production is $7, what should the firm do? 2)For a monopolistic competitive firm, which factor would not increase market power?
Outline the extent to that you expect regional economic integration to occur in Europe, Asia.
Calculate the market and socially optimal equilibrium if supply is equal to Q=4 - Calculate the market equilibrium and the socially optimal equilibrium.
Formulate this as a game on normalform. Find the Bi-matrix. Do there exists a Nash equilibrium in pure strategies of this game?
Imagine two naton , Glacierland, and Swampland. Glacierland is producing everything at a lower absolute cost than Swampland. If the two countries trade what is the reason.
Illustrate what type of fiscal policy did the Congress enacted while the effects of Hurricane Katrina.
1. using the traditional keynesian model explain how contractionary monetary policy would affect equilibrium aggregate
Alpha and Beta, two tiny islands off the east coast of Tricoli, produce pearls and pineapples. The production-possibilities schedules in the table below describe their potential output in tons per year. (a) What is the opportunity cost of pearls on..
Illustrate what effect does the current supply and current demand have on this product. Describe how each of the 4 factors contributed to the elasticity of the good.
If older workers have a tax elasticity of labor supply equal to 0.20, by how much will their work activity decline when they reach the Social Security earnings test limit? (Recall that the Social Security earnings test limit is 50 percent. Assum..
If the government steps in to regulate a market, setting a price floor above the free market equilibrium price, will demand increase or decrease compared to the free marker equilibrium? Can you name any industries where the government sets price floo..
What is a balance sheet? What is the accounting equation? Define each term in the accounting equation.
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