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A standard objection to General Equilibrium models is that their long run predictions are irrelevant because in the long run we would all be dead. Evaluate this expression in the context of fiscal and monetary policies to relieve economic stress.
Illustrate what was each company's share of market at beginning and end of month. If current trend continues Illustrate what will market shares be.
Elucidate what type of returns to scale does this technology represent.
Not long ago an employee came into my office asking for a wage increase. I responded by asking what increase in productivity the employee brought to the University in order to merit such an increase.
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000.
Explain the long-run effect of an increase in nominal money supply on the amount of real money balances available in the economy.
Elucidate problem which is posed by any comparison over time of the market values of various total outputs? How is this problem resolved.
what is the marginal utility of X? If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?
when the state cuts its rate by 4 cents an hour. Explain how the fall in the average weekly wage and the minimum wage will influence aggregate supply.
Suppose that there is an increase in the demand for personal computer systems. Explain the likely effects on marginal revenue product, marginal factor cost, and the number of workers hired by the firm.
Explain how does price elasticity of demand for corn oil influence quantity-demanded of corn oil and Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.
Compute the monthly payment and explain whether taking this loan is a smart business decision.
To produce that many donuts weekly, company uses 1,000 pounds of flour, which must be delivered by 5:00 am every Friday morning. Explain how should manager of company acquire flour. Explain."
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