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The government decided to tax a monopolist at a constant rate of $x per unit. Show the inpact upon output and price. Is the posttax equilibrium closer to or further from the ideal equilibrium of P= MC?
Howard Bowen is a big cotton farmer. The land and equipment he has a current market value of $4,000,000. Bowen owes his local bank $3,000,000.
Illustrate what would happen to general and specific training in labor markets.
What nation would you choose to trade with and why.
Discuss the sticky-wage model of aggregate supply, carefully identifying any assumptions made. How well does the sticky-wage model explain the observed behaviour of real wages over the business cycle?
The quantity theory states that the impact of money on nominal GDP can be determined without details about the aggregate demand curve, so long as the velocity of money is predictable.
faith that the laws of supply and demand always hold, why is it that the "popular" gifts for the holidays always sell out early.
How would a regular LM curve be affected if the private sector demand for money balances increased following heightened uncertainty about prospects for bonds?
Despite being a major industrial force in Korea, several of the company's divisions are unprofitable, or "bleeding red ink" in the words of the article. Indeed, last year the power plant and oil refineries building division recorded a $105 million..
Suppose that the equilibrium quantity in the market for widgets has been 200 per month. Then a tax of $5 per widget is imposed on widgets.
Demonstrate the effect of expansionary monetary policy in the AS/AD model when the economy is:
Explain why a monopolist will never set a price (and produce the corresponding output) at which the demand is price-inelastic.
What is quality-adjusted life year How can it be used to compare differences in health status between someone who is healthy and someone who is not Ca it be used to compare health outcomes of someone who is ill with someone who has died
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