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If incomes rise for both low-income and high-income workers, but rise less for the high-income workers.
a) then poverty will rise and inequality will rise
b) then poverty will fall and inequality will rise
c) then poverty will fall and inequality will fall
d) then poverty will rise and inequality will fall
consider an economy in which the amount of investment is equal to the amount of savings i.e. the economy is closed to
q.assume that omar s marginal utility for cups of coffee is constant at 3.5 units per cup no matter how many cups he
Suppose a company produces $5M worth of output and has sales of $2M each to domestic and foreign customers. It imports $1 M worth of raw material, pays its workers $3M in wages, pays its creditors $2M in interest, and has minus $1M in profits for its..
consider a homogeneous product industry with inverse market demand given by p 1100 - 2q there is currently one
Which of the following is the best definition of the short run?
Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced.
q1. explain the role culture may play in influencing entrepreneurship both at the individual and social level. define
the price of business travels drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel marginal rate of substitution between electronic media and business travel is - 1. Is t..
Write down an expression for the profit GBC will make if it uses L units of labor at $1 an hour and sells the resulting output of cookies at $p a cookie.
If the demand curve is QD = 100 - 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is 2. If the absolute value of a demand elasticity is less than 1, then
Name a specific event to be expected to cause the equilibrium price of ice cream to increase.
Can you give examples of the companies that have high pension costs. Why are companies using more technology input while reducing labor input. Explain why are the Average Cost Curves U-shaped.
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