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With the help of appropriate figure, explain the conditions for Pareto efficiency. Show how the Utility Possibility frontier (UPF) can be derived from the Pareto efficient allocations.
Suppose that the government imposes a temporary tari? on all imports, which makes imports more expensive relative to domestic residents (reducing the trade balance for any fixed level of the real exchange rate). Discuss the implications of this polic..
Using the utility maximization rule as your point of reference elucidate the income also substitution effects of an increase in the price of a product with no change in the other product.
She argues that this process will make for better utilize of information within the organization. The same concept could be applied beneficially within the corporation.
Ear Us production function is Q=KL. The company over the years uses input rates of 60 and 75 for capital and labour respectively. The price of capital is $40 and labour is $35 per ear phone. If $58000 is allocated to production, what is the maximum o..
Assume that the Keynesian short-run aggregate supply curve is applicable. Elucidate the two factors that can cause the nation's real GDP to increase in the long run.
Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers. Graph the production possibilities frontier for the Foreign country. What is the no-trade relative price of cars in Foreign?
When a tax is placed on the buyers of cell phones, the size of the cell phone market
The maintenance foreman of a plant in reviewing his records found that maintenance cost on a large press had increased with sales of a product that will decline in the future.
A manager tells his workers that they must perform their duties in the exact manner and order that he has commanded, with no exceptions. He is using
the impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following
How would Keynesian solve a recessionary gap using personal tax rates.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
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