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Assume that the labor demand equation for a fictional country is Ld = 30 – 1w, where w is the wage per hour worked. Assume also that the labor supply equation for that country is Ls = 0.5(w).
Suppose the velocity of money is constant at 5 transactions per year, the price level for this year is $1, and real GDP this year is $8,000,000. Suppose the economy's output of goods and services rises by 5% each year. What will nominal GDP be equal ..
q1. the supply is nerf balls qs -100000 8000p and the demand is qd 140000 2y - 7000p where q nerf balls per month
What does Friedman mean when he says the Earth is becomming "hot, flat, and crowded?" Describe three of the key problems that Friedman identifies in the book and explin why they re important.
q1. research the current demand for a good or service of your choice. collect information that will affect the demand
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
What factors affect the costs of cancer drugs? How? What is scarcity? How does the cost of medical therapy relate to the economic concept scarcity?
The batteries carry a 12-month guarantee. What percent of batteries will fail in less than 12 months?
Suppose a union that represents some but not all of the employees in an industry is considering a strong push for increased pay for their members during the upcoming contract negotiations. However, they are concerned about the possibility that the co..
Why do you thing they each would work. Illustrate what would the benefits of each action be besides emissions reduction.
Illustrate what is the new level of gross national debti. If 100 percent of the deficit is financed by the sale of securities to federal agencies.
"In a 2x2x2 Heckscher-Ohlin context, when a relatively labor-abundant country moves from autarky to trade, the real return to capital in the import-competing industry decreases and the real return to capital in the export industry also decreases."
q1. if a monopolist has an own-price demand elasticity of -.8 is it maximizing profits? explainq2. what are some
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