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Q. Assume an industry has total revenue of $200 million, explicit costs of $190 million also implicit costs of $20 million. This industries accounting profit is Illustrate what?
Q. If a large-scale war resulted in massive destruction of physical facilities, but not loss of life, Illustrate what would you expect to occur to MPK also MPL
Q. Please briefly describe the effect of the tax increase on equilibrium real GDP also the equilibrium price level. Will the changes in equilibrium real GDP also the price level is larger or smaller than they would be if the tax increase affected only aggregate demand?
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
Madelyn owns a small pottery factory. She can make 1,000 pieces of pottery every year also sell them.
Explain how you would tell the employee and your remaining subordinates.
Illustrate wage would a monopoly union demand. Explain how many workers would be employed under the union contract.
Give a detailed explanation about Elucidate how the engineer's income generation as described above affects GDP
Your friend's monthly demand for minutes of calling is given by the equation 50, where p is the price of a minute.
Now illustrate what is the price elasticity of demand. Illustrate what is the cross-price elasticity of demand.
Assuming that all buyers received the credit, estimate the own cost elasticity of demand as well as well as own cost elasticity of supply.
A car manufacturer claims that its vehicles average at least 25 miles per gallon.
If Frank's salary as a sales manager was $70,000 instead of $100,000 would your answer be different.
What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality.
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