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Imagine you are the Trump's economic advisor. He has asked you to develop a policy that can be addressed at the upcoming State of the Union Address. Trump believes in the Keynesian policy of AS/AD. Unfortunately you can't give him solid policy prescriptions based on that model because you do not know the positionon of the LAS curve. Explain why not knowing this creates a problem.
show mathematicallt whether the mardinal utility for (X1) and (X2) is increasing or decreasing. Find the Marginal rate of substitution for the indifference curve generated by the utility function.
Should sports leagues be allowed to remain as cartels? More than 100 years ago, the American legislative leaders decided that it was necessary to pass laws prohibiting "...any combinations or conspiracies in restraint of trade." However, the professi..
A tax on a market with elastic demand and elastic supply will shrink the market more than a tax on a market with inelastic demand and inelastic supply will shrink the market. If the government places a $2 tax in the market, the seller bears $2 of the..
The following unsigned integer readings are stored in data register starting from REG10 (address 10H).
Two identical company's save money from polluting. A company's marginal savings from emitting an amount are given by 10 - 2e. The two firms differ in their impact on ambient pollution concentrations.
What requirements are imposed on an employer by the Family Medical Leave Act? What remedies can an employee seek if an employer violates the Family Medical Leave Act?
What is the difference between a op-amp buffer and a normal wire? Can we treat them like they can replace each other?
What are the key limitations of per capita national income as a concept of well-being? Explain the nature of limitation in each case. Which of these limitations can be adjusted for? Are they in fact adjusted? What is the basis of the concept of huma..
Suppose that you have two people in an economy, Ms. Hundley and Mr. McKenna, who want to produce a public good S. Suppose we calculate the Lindahl equilibrium using the method in your textbook
How did Samsung’s unveiling of the galaxy S5 affect the demand for the S4? What determinant(s) of demand changed? How did Wal-Mart’s price cut compensate?
When a market is perfectly competitive, individual sellers. can sell all that they want at the prevailing market price.
Imagine a firm with the same cost structure but in each of the four market structures: Competitive, Monopolistically Competitive, Oligopoly, and a Monopoly. Using the concepts of consumer surplus and producer surplus, explain the long run outcome in ..
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