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Graph Jay's budget constraint when her income is 50, and the price of housing and food is 2 and 10 respectively.What happens to her budget constraint when M increases?
a. increase aggregate demand by cutting government spending or raising taxes.b. decrease aggregate demand by cutting
Will firms in industries, in which high levels of output are necessary for minimum efficient scale, tend to have substantial degrees of operating leverage? Please explain.
bumper crop means cheap mangoesnathan dyer the west australian november 1 2011perth consumers are set for a mango boom
1explain why in a perfectly competitive market the firm is a price taker. why cant the firm choose the price at which
Does an increase in the average annual labour income imply that the individual worker's labour income has increased and
Management at the Johnston Corporation estimates a demand function for its lawnmower line to be:Explain the coefficients of each explanatory variable.
6. Flexible exchange rates and foreign macroeconomic policy. Consider an open economy with flexible exchange rates. Let UIP stand for the uncovered interest parity condition.
Gobi Inc. has sales of $40,000,000. The contribution margin is $0% and the fixed costs are $3,000,000. The variable costs per unit is $12. The company is considering two different strategies for increasing their profits:
No one will buy the good if the price is above $80 and no one will sell the good if the price is below $20. The equilibrium price and quantity if this market is perfectly competitive would be $40 at a quantity of 20.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
Discuss why will voluntary actions, undertaken at individual level, be unlikely to bring about significant decrease in greenhouse gases such as CO(2)?
You have a utility function characterized by u(c)=c^(1/2). If you have just $5 before you play the game (so you have just enough to play), what will your expected utility be if you decide to play the game?
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