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Q. Suppose that a perfectly competitive industry is in long run equilibrium. then the price of a complement good decreases. What will happen
Q. Suppose that you buy a bond for $100 that pays four percent interest per year. Explain how much money will you have earned when the bond reaches maturity in five years?
Gains from trade will result if a country specializes.
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
Assumptions make the nation easier to understand because they simplify reality and focus our attention.
What is the average inflation rate. Explain how would inflation be different if real income growth were higher.
Discuss economic forces (supply factors, demand factors, government policy) that affect the health care market.
Can you find a Nash equilibrium in pure strategies that is not efficient. Find the sub game perfect equilibrium as a function.
Illustrate what is the market elasticity of demand. What is your elasticity of demand in this Cournot oligopoly.
The unemployment rate in an economy is 6%. The total population of the economy is 290 million, and the size of the civilian labor force in 150 million. Illustrate the number of unemployed workers in this economy.
An equal number of consumers who have a willingness to pay of $119 are allowed to buy the good at a price of $99. How will consumer surplus be affected.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
His parents claimed that hospital doctors administered excessive oxygen to the baby and that this caused the blindness.
Illustrate what is the graph among utility and income,when marginal utility of income increases or deminishes.
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