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Increase in demand and increase in supply will lead to?:
a) unambiguous decrease in price, but the effect on quantity is indeterminate
b) unambiguous decreases in both price quantity
c) unambiguous decease in quantity, but effect on price is indeterminate.
q. new manufacturing technologies are often viewed as labor saving in nature. using a production possibilities frontier
Illustrate what is the 95% confidence interval estimate of the population mean examination score if a sample of 200 applications provided a sample mean of Xbar=935
Concert tickets to see Adele have increased from 100$ to 150$.
In the classic Ricardian model, international trade can lead to increases in the world output of both products and increases in consumer welfare in both countries. An increase in labor endowment will have the same effect of the Ricardian PPF as an im..
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
Assume re are three possible policies, X, Y and Z, person 1 prefers X to Y to Z and person 2 prefers Z to Y to X. Model this situation as an extensive game and find out its Nash equilibrium
GDP per capital (nominal) would be the actual cash of the average person in the given country has per year. It equals GDP divide by the population. What is the alternative to using PPPs for making international comparisons? This answer will likely ex..
Suppose the price is currently $2. Illustrate what problem exists in the economy. What would you expect to happen to price.
q1. it some respects karl marx could be thought of as one of the last of the classical economists. analyze this
what is the formula for that equation? Assume you have 5 uneven payments to make and you want to know what you will be paying at 10% per payment (year) on this uneven payment.
We also observe that the proportion of workers receiving disability benefits is much lower in the US than in the latter two nations. Are these findings consistent with the work-leisure model.
Please make a table in the above form but showing FC (fixed cost), VC (variable cost), AC (average cost), MC (marginal cost), MR (marginal revenue) and find the profit maximizing level of output.
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