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Is it possible for the short-run run market supply curve to show that quantity supplied increases only if price increases and for the long-run market supply curve to indicate that market price does not increase as quantity supplied increases? Why or why not?
Write down a formula that describes the marginal product of labor in the short run as a function of the amount of labor used.
Show the equilibrium effects on consumption and hours worked of and increase in G of this type are ambiguous but that output increases.
Elucidate how would an increase in airfares affect the number of highway fatalities in any one year
Identify the following interest rate statements as either nominal or effective: (a) 1% per month compounded weekly; (b) 0.5% per week compounded weekly; (c) effective 15% per year com- pounded monthly;
What cost does an impact industry pay for capital. What is the total price of producing 120,180, and 240 units of output in the long run.
Consider three alternative ways of helping poor people get housing: government-subsidized housing costing $6,000 per year, a housing voucher worth $6,000 per year toward rent on an apartment or a house, or $6,000 per year in cash. Which would you pre..
When we attend a film, in a way there is not the same kind of "suspension of disbelief" as there is with theater. Rather we demand more "realism" be portrayed in the film. Yet in a way we are suspending disbelief just as much, just changing its fo..
A monopolist estimated that the own-price elasticity of demand for its product is -4.5 and its advertising elasticity of demand is 1.5. Assuming these elasticities are constant, what fraction of the firm's revenues should the firm "reinvest" in adver..
How to get o/p of SEQ SS in SPSS. When we want to know sequential value which accumulate R square.
Why does the assumption of independence of risks matter in the examples of insurance.
If the government were to increase taxes on gasoline, what will happen to the total government revenue? Why? What are you assuming about the elasticity of the demand curve of gasoline? What is the formula for elasticity? Would the government make mor..
A perfectly A Perfectly competitive firm has a MPL = 20-L. If P = $5 and w = $10/hr. What is the optimal quantity of labor demanded?
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