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If there are only four Ice cream sellers and the price for ice cream increases from 4 to 6.. By how much does the quantity supply increase?
Suppose that market demand can be represented as p = 100 - 2Q. There are 10 identical firms producing an undifferentiated product, each with the total cost function TC = 50 + q2. Compare the competitive outcome with the cartel outcome. What is the in..
Borrowing from Kalleberg, Lazonick, and Meyerson’s “How the American South…”, and “Forty-Year Slump,” compare and contrast the two macro employment systems (1945-1975 and 1975-present) in terms of key employment outcomes and indicate which system und..
A monopolist's demand function is P = 1624 - 4Q, and its total cost function is TC = 22,000 + 24Q -4Q2 + 1/3 Q3, where Q is output produced and sold. D) The total profits will be maximized at P =?
The 4th Amendment protection against unreasonable search and seizure has been jealously guarded for over 200 years. Consequently, all Americans are entitled to a reasonable expectation of privacy. How would you describe this standard, this so-call..
Show the effects of an increase in the total factor productivity, z, on the Laffer curve, on the equilibrium tax rate, and on consumption, leisure, the quantity of labor supplied, and output.
hebron and stack discuss the fragmentation of nations - the rise of smaller units within a nation. while this is
Explain how does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter.
Why are fiscal policies problematical? How are budget deficits related to the national debt?
What is the difference between forward resolution and reverse resolution? When is it better to use reverse resolution?
The total fixed costs for manufacturing a product each month is $8,000. The variable cost per unit consists of direct labor, material and overhead. The labor will be based on the 25th unit and an 85% learning curve is expected to apply to the number ..
If the price of coffee increases, we get a positive rate of inflation, even if no other price rises. Is this really inflation? Explain.
Assume that a country is growing at 5% per year. Now the saving rate decreases leadingto a new lower growth rate of 3.3% per year. How will the change in standard of living over time be impacted by this change in the saving rate and therefore the gro..
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