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What is the relationship between a monopolist's demand curve and the market demand curve? what is the relationship monopolist's demand curve and the marginal revenue?
Write an explanation for an interrogatory senator outlining explain how your expansionary acts would operate and what would be the effects on the economy
Mining is proposed for a wilderness area that provides two benefits: recreation (due to backpacking opportunities) and biodiversity (there are endangered wildlife and plants). Which discount rate makes the best case for mining? What is the present va..
Draw a production possibilities curve for the pleasure you get between hanging with friends and from doing your Economics problem set.
what additional information would be useful in the pricing decision? What would be your recommendations for setting up a model to forecast future demand for this product?
Suppose it costs $30 for each lobster trap set. Lobsters sell for $15. If X traps are set, the harvest rate of lobsters, L, as a function of the number of traps, is given by: L = 45 X –X2. With no restrictions on the number of traps, and open access ..
Assume that when an economy has a GDP of $500, Consumption is $550. The MPC is .75. Investment is 25. Begin the problem by setting up an Income/Consumption Schedule like the one on page 190 of your text. What is the Break-Even level of Income? What i..
For each of the following statements, specify whether a Keynesian, a monetarist, or a classical economist is most likely to support it, and explain in 1-2 sentences why. “During a recession, government spending should be minimized. The Federal Reser..
Explain the two basic methods by which the unemployment rate is measured. Which is the more reliable? Explain your answer.
If US real income increases, then the prediction of the monetary model of exchange rates would be that the US dollar would:
Part of a worker’s pay on an automobile assembly line is based on the number of cars in a pay period that come off the worker’s line and pass inspection. The remaining portion of the worker’s pay is an hourly wage that is fixed and only depends on th..
Discuss several ways in which greater educational opportunities for young women could lead to faster economic growth in these nations.
elucidate what economic factors may influence such behavior
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