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Assume that the consumption function is given by C=200+0.5(Y-T), I=800, G=300, and T=200.
Use the Keynesian-cross model to illustrate graphically the impact of an increase in taxes on the equilibrium level of income.
Assume that the industry is monopolized by only one company. Write the equation of the TR curve and then plot the TR curve(with Q along the horizontal axis and TR along the vertical axis) for this company. Comment on the shape of the TR curve.
Compute how many acres, hectares each person wold occupy if all U.S. residents.
Elucidate how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves.
Project B will yield $1.25 million three years from now, and Project C will yield $600,000 for two years, beginning two years from now. If the interest rate is 8 percent, which of these projects should the firm undertake?
(The Long-Run Industry Supply Curve) A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium
Explain the solution to the firm's cost-minimization difficulty ever occur off the iso-quant representing the required level of output.
At some levels of output Acme's average total costs are less than Generic's, but at some levels of output Generic's average costs are less than Acme's.
Do these public goods conform to the law of demand. For which public supplies is demand price elastic.
Explain why Paul Collier seems to argue that export oriented industrialization or trade liberalization policies enacted by African countries would not help Africa develop.
Compute the CV and EV associated with this price increase. how would you interpret these.
Why has Sharp been so successful for so long. Is Sharp today an end products or a components company. How is Sharp able to coordinate and integrate activities across corporation.
Can you find a Nash equilibrium in pure strategies that is not efficient. Find the sub game perfect equilibrium as a function.
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