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Purchasing power parity conversion factor is a common phrase in the international economics. What is the meaning of this phrase?
If your marginal cost per visit is $20, what is your profit-maximizing price if you control 5% of the market? What is your profit-maximizing price if you control 15% of the market? What lessons do you draw from this information?
Normally the selling price of a product, p, is related to the demand according to the following relationship: p = a - bD. However, a company has found that the price (in dollars) of its product can be related to demand, D
Suppose that the labor market is segmented into two industries: SlowGo and HiTek. Initially, both markets are in equilibrium and the same real wage clears in both markets. Managers learn the GWMacro consulting team about efficiency wages.
The quantity theory states that the impact of money on nominal GDP can be determined without details about the aggregate demand curve, so long as the velocity of money is predictable.
Determine if any change in the equilibrium quantity of Y or other direct effects of the exogenous shock affect the quantity that households desire to consume at any given real interest rate.
I know that Market Failure occurs when markets lead to inefficiency. But what are the reasons that cause Market Failure.
Suppose the government has selected tax levels th and tp using the Ramsey rule. Furthermore, at those taxes, the market sells 300 thousand heart surgeries and 1.5 million plastic surgeries. Finally, the government collects $1 billion in revenue fr..
Elucidate the elasticity of demand given the price and income combination.
You expect to receive a payment of $104 one year from one. Your discount rate is 4 percent. What is the present value of the payment to be received? Suppose that the discount rate is 5 percent what is the present value of the payment to be received?
Imagine a firm that hires 2 types of workers, some with computer skills and some without. If technology advances so that computers become more useful to the firm, what happens to the marginal product of the two type
Elucidate several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem.
What is the fiscal and montery policy actions in saudi arabia since the start of the global financial crisis
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