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1. What happens to the scale of firms in the long run? What motivates firms to choose the scale of operation that they do?
2. How does the market adjust in the long run when firms are earning short-run economic profits? How does this affect the short-run supply curve?
Suppose you only have access to the rates of savings and population growth data but do not have access to the data on years of schooling (the last column of the table), use the Solow model to calculate the ratio of the steady state levels of incom..
General Electric had some managerial changes due to patterns of change reflective of it production of Generators and Compressor & Motors. What was the market model used during that time, monopoly or oligopoly or another
The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue.
Illustrate what would you expect to happen to the total expenditures on good X.
Given that the economy raise by the banking system and creation of money through lending, if one market is down are we to suppose that these other firms that are facing increased demand will borrow enough to counter balance the amount
Elucidate what is the difference among real GDP and nominal GDP.
The perticular information needed to calculate each metric should be discussed. For each metric discuss the appropriate target value and the actions that need to be taken to achieve the target.
Calvins's Barber Shops, Corporation, has a monopoly on barbershop services provided in the south side of Chicago because of restrictive licensing needs, and not because of superior operating efficiency.
where L is labor, K is capital, and N is land. In this economy the factors of production are in fixed supply with L = 100, K = 100, and N = 100.
Discuss the difference among inflationary gap also deflationary gap.
Explain why trade liberalisation has the same effect on an economy as an increase in the aggregate productivity of an economy (i.e. that the average output per worker increases).
India's policies against exchange rates, foreign trade, domestic monetary systems and foreign policy. Also expand into how the political situation in India has effected the country economically.
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