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September 11th Attack and Wage Levels
Since the September 11th attack there has been an increase in the demand for security personnel: police, air marshals, airport security, etc. How do you think the higher demand has affected the equilibrium wage? In which direction do you think the labor supply and demand shifted? Explain your reasoning.
Find the equation of the new demand curve for Chevrolets. What is the relationship between D C and D' C ? What explains this relationship?
The price elasticity of demand for both tissue has been estimated.
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Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
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Elulcidate briefly the fundamental determinants of economic growth and development.
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Assume that a borrower and a lender agree on the nominal interest rate to be paid on a loan.
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