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Usually we argue, to attain more of one alternative, we must sacrifice something else. Give two conditions that would allow for an increase in the production of the two goods identified in the chapter (HINT: Recall various positions on a PPC; review all resources
Illustrate what is the relationship between the trade situation, the value of the dollar, the national debt and the budget deficit/surplus.
Consider a price ceiling imposed on a monopoly that is set below competitive price. Make a diagram showing the monopoly equilibrium in this case.
Elucidate implications would these policies have on the economy and specifically your personal and professional life.
it does not allow for the health of our children, the quality of their education, or the joy of their play. id does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of ou..
Describe the industry equilibrium price/output combination both graphically and algebraically. Calculate the level of excess supply (unemployment) if the minimum wage is set at $7 per hour.
The Microsoft trial has been only one of the biggest investigations of antitrust behavior as the turn of the century.
Find out the average total cost and average variable cost as a function of the level of output. Assuming the firm has the same cost curves in the long-run for q>0 and C (0) =0, how much will it produce in the long-run?
Is this a good model for unemployment? What would you add to study the problem more completely? What assumption does this model make regarding unemployment
Contrast the market demand/supply curves and the individual firm's labor supply/demand curve in a perfectly competitive labor market. How does the law of diminishing marginal returns affect a firm's demand for labor
Suppose annual salaries for sales associates from a particular store have a mean of $32,500 and a standard deviation of $2,500. Calculate and interpret the z-score for a sales associate who makes $36000. Suppose that the distri..
Assume the Federal Reserve sells government securities from its existing holdings to the financial sector and the non-bank public.
As the Federal Reserve utilize its special powers to buy and sell government bonds, how does buying and selling government bonds affect the supply of money in the economy.
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