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Tell me if you agree or disagree with the statement below and why? Supply-side economics is a theory in macroeconomics that lowering barriers in goods and services, along with investment in capitol will effectively create economic growth. This describes that more jobs will be created because consumers will benefit more from a large supply of goods at lower prices. This allows investment and expansion of businesses to expand their demand for employees, creating more jobs. Supply-side economics is based on the Laffer Curve. It was developed in 1979 by economist Arthur Laffer. He argued that the effect of tax cuts on the federal budget are immediate. For every dollar cut in taxes reduces government spending by exactly one dollar. President Reagan put supply-side economics into practice in the 1980s, which is why it is also known as Reaganomics. He used it as a defense for stagflation, which is a combination of high inflation and stagnant economic growth.
q.in 1958 the first pizza hut opened its doors back. it offered consumers one style of pizza its original thin crust
The cost function of a firm is TC = 50 + 4 Q + 2 Q^2. Find the following: The fixed cost (TFC) and the variable cost (TVC) functions The average total cost (ATC), the average variable cost (AVC), and the marginal cost functions (SMC) Using the AVC fu..
q1. marital sorting and income inequality. how have marriage trends widened the gap between low-income and high-income
Assume that Robert is willing to work for 40 hours per week no matter what is the wage rate, so his labor supply curve is vertical at 40 hours. The demand curve for Robert is given by the equation: W = 120 – H, where W is the hourly wage rate and H i..
An account earning 8% interest, compounded annually, is opened, and a deposit of $1000 is made into the account. Find the function giving the value of the account A in terms of the number of years the account has been open, t.
Suppose that you can schedule a worker for up to 10 hours per day. The total benefit and total cost functions are B(H) = 1200 × √H and C(H) = 200H. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 600/√H and MC(H) = 200. ..
Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.
The widget market is competitive. The market demand is P= 30-0.05Q, while the market for supply is Q= -100+20P. The firms are identical, and a typical firm is known to have an AVCi = 5+0.5Qi with an overhead of 200. Derive the competitive equilibrium..
Using an aggregate supply/aggregate demand model chart the short run effects of decreasing government spending (assuming you began in a short run and long run equilibrium)
Which of the following is an example of sexist language?
In each of the following situations, what type of unemployment is Melanie facing? Explain.
Sterling, Inc. is a manufacturer of state-of-the-art computers. For the past ten years, Sterling has acquired all of its microchips from NoBugs Corporation, the only producer of chips meeting Sterling's high specifications. Write a discussion of the ..
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