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Economists have devoted a lot of effort to estimating the natural rate of unemployment in particular countries at particular times. Is this a useless academic exercise, or are there good reasons to want to know this number? Explain.
Elucidate how each of the following people would talk about scarcity and trade-offs. The President of the United States and the leader of a developing nation.
q.the central bank of the fictitious country omega raises bank reserves by 100. what effect will the increase in bank
If you produce plastic spoons and one of the products (like petroleum) required to produce those spoons decreases in price, does the market demand for plastic spoons change? Does market demand for competitors with similar items but made from differen..
Now suppose Alex's income increases to $1,500 per year. What is her new optimal consumption of x? What is her new optimal consumption of z?
The city of Morse recently completed the construction of a bridge across the Ohio River at a total cost of $133,453.95. The length of the bridge is 276,389 feet. The city of Edison three miles up river wants to build there own bridge which have to be..
mr. banks knows that line maintenance expense varies with company size and he wants to use the latter to predict the
Make a list of businesses that provide goods and services that you or your family members use in a typical week.
illustrate what dollar amount will the profit margin.
Write down the profit maximization problem for the rm.
Incorporate tastes into economic models only to the extent that tastes determine whether pairs of goods are substitutes or complements.
A $1000 face value bond has a 6.85 percent semi-annual coupon and sells dor $980.00. What is the current yield? A 7 percent coupon bond has a face value of $1000 and pays interest annually. The current yield is 6.8 percent. What is the current price ..
The three families are considering putting in streetlights on Main Street and are trying to describe how many lights to install. The table below shows each family's willingness to pay for each streetlight.
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