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Q1. What are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th day? Assume that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper admit? Considering that the beekeeper gets that amount, what range of payments will the farmer admit?
Q2. Okun's law relation is represented as: ut - ut-1 = -β(gyt - y). Which of the following would likely cause an increase in Okun's coefficient (i.e., an increase in β)?
Under what circumstance would you be no worse off if the company paid you cash instead of providing a car.
This would be ideal because he would have the same number of pretzels as he would soda leaving no money left to spend.
Explain how could those same inventory systems quickly transmit large demand shocks directly to sudden, deep recessions.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
Where Q is the production and V is the number of employees working 8 hours a day
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees.
Report demand graphic as well as independent variables that are relevant to absolute a demand analysis providing a rationale for the selection of the variables.
A perfectly competitive external market for the intermediate product exists, and an imperfectly competitive external market for the intermediate product exists.
Over the long run historically, real wages produce about same pace as labor productivity.
An upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing.
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