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Explain how total emissions can rise even though emissions per dollar of GDP substantially decline. Which of the two is more relevant for climate change? Why?
Suppose that the tax of $28 is levied on each item sold by a monopolist, and as a result, it decides to raise its price by exactly $28. Why might this decision be against its own best interests?
explain why an increase in the wage rate for autoworkers will generate more of a negative employment response in the long run than in the short run
Illustrate this on two graphs with the AS/AD curves: show one AS/AD diagram with a soft monetary policy, and next to it another AS/AD diagram we an aggressive monetary policy. Show pi_1 and Y_1 as well as the long run values of inflation and short-ru..
A perfectly competitive firm should produce in the short run as long as:
q1. use the following general linear demand relationsqd 100 - 5p 0.004m - 5 pr where p is the price of good x m is
In the Keynesian-cross model, an increase in the real interest rate shifts the expenditure line _____ and short-run equilibrium output _____.
From the perspective of an executive with the firm, prepare a strategic plan to grow the business over the next three years. Your strategic plan must be future-oriented and must: Describe Porsche’s history and its 4Ps (Product, Price, Place, and Prom..
An efficiency wage ____ equate the quantity demanded and quantity supplied of labor and therefore _____ be consistent with the classical economics explanation of labor markets.
Costs for maintenance of buildings at an industrial complex are expected to be $2000 in year three,$2500 in year four and amounts decreasing by $200 per year thereafter through year nine. at an interest rate of 10% per year, calculate the present wor..
Distinguish between the crowding-out effect also the Ricardo-Barro effect. Elucidate how are the two effects related
Economic history since the industrial revolution [in the United States] strongly suggests that technical learning, not the process of perfect competition, drives growth over time. Please explain.
Suppose that the market for a good is composed of 1000 identical consumers. The market Demand is given by = 150,000 − 25. What is demand for an individual consumer’s demand curve? Find the equation and illustrate graphically.
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