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draw the indifference curve for someone deciding how to allocate time between work and leisure. suppose the wage increases. is it possible that the person's consumption would fall? is this plausible?
Utilize your general knowledge of equilibrium prices to explain why the previous interest rate is no longer sustainable.
Explain how will the increase in unemployment benefits affect output and the price level in the short run and in the medium run.
Which of the following recieves government subsidies that are in place to protect the population rather than the economic reason.
Provider A charges $120 per month for the service regardless of the number of phone calls made.
Explain how do I draw a production possibilities curve for 2 products in an economy if a natural disaster affects one but not the other.
How will this change in the level of price affect the demand for money and the equilibrium interest rate.
The company rents roller cutters and crimping machines for $16 per hour, and the marginal product of capital is 100 rollers per hour. Illustrate what do you think the previous manager should have done to keep his job.
Illustrate what is maximum amount you would pay for offer of $2,000. Suppose offer was $2,000, but delivery was to be in 2 years instead of 1 year. Illustrate what is maximum amount you would be willing to pay.
Evalute an environmental problem and explain how one of the three groups might resolve it? There is no word limit for the solution.
Under what conditions would firms be likely to support an industry-wide advertising ban. Please provide a few examples.
Consider a product market for a normal good. Suppose consumers' income increases. Explain what will happen to labor demand for firms in that market.
If inflation turns out to be 1% over the life of the loan, what is the real interest rate? Who gains from unexpectedly low inflation, Loretta or Ted?
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