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There are enormous amount of studies on the long term effects of unemployment on the economy? What are the consequences of long term unemployment? Should policy makers intervene?
1. in which market model would there be a unique product for which there are no close substitutes?a. monopolistic
Suppose independent truckers operate in a perfectly competitive industry. If these firms are earning positive economic profits, what happens in the long run to the following: The price of trucking services, The industry quantity of output, and The pr..
Suppose that labor costs w=$100 per day and that at the current level of employment the marginal product of labor is 20. What does marginal cost equal? Show/explain. Interpret the value you obtained for marginal cost. If, at the current employment le..
Consider a production function of the form Y = AF (K, N, Z), where Z is a measure of natural resources used in production. Assume this production function has constant returns to scale and diminishing returns in each factor. What will happen to outpu..
American Girl doll has an inverse demand curve of P = 150 – 0.25Q, where Q measures the quantity of dolls per day and P is the price per doll. The marginal cost is given by MC = 10 + 0.50Q. What is the total surplus at the profit-maximizing output le..
American exports cheaper or more expensive for importers of U.S. goods in Great Britain. Elucidate by showing the price of a U.S. cell phone in Britain, before and after the change in the exchange rate.
Illustrate what will be total effect on M3 money supply. Explain illustrate what steps can be taken by Fed to reduce M3 money supply in economy.
Complete a one page answer to the following questions. Should the Federal Reserve Board of Governors remain independent? What is the strongest argument on either side?
Assume an economy with no government or foreign trade and the following equations: What is equilibruim output?What are the equilibrium savings (savings at equilibrium output)? Now assume the country decides it needs to save more. So assume individual..
A baseball fan with a Mike Trout baseball card wants to trade it for a Miguel Cabrera card, but everyone the fan knows who has a Cabrera card doesn't want a card. What do economists call this problem the fan is experiencing?
Describe some of the characteristics of a well-designed storyboard. Predict the impact that a poorly developed storyboard could have on a Website.
This profitable corporation is considering two methods of depreciation: sum of years' digits and double declining balance.
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