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Suppose the price of a firm's fixed input rises. If it decides to maintain its production level, its average costs are lower in the long-run than they are in the short-run.
Suppose that in the United States corn production uses land and labor, while beer production uses capital and labor. Labor is mobile between the corn and beer industries, while land is specific to the corn industry and capital is specific to the beer..
Verify that Hicksian and Walrasian demand coincide.
You must create a table in which you can make the relevant comparisons that you understand to determine how many operators are needed.
Labor Productivity in Automobiles Labor Productivity in Computers Endowment of labor
A simple model of search. Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. What is the expected value of the p..
What is AFN? How can a company forecast its additional external financing requirements?
A project under consideration has a net present value of $5,000 for a required investment of $30,000.
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them?
Discuss how you would use regression to help you with your task—specifically, explain how you would go about evaluating the goodness-of-fit and the predictive efficacy of your model.
Explain this idea and how it relates to the readings by Brodkin, Ngai, Sethi, Portes or Navarro (pick at least two of the authors listed to discuss).
Assume that the potato chip industry in the Northwest in 2011 was competitively structured and in long-run competitive equilibrium; firms were earning a normal rate of return. By assuming that the monopolist is a profit-maximizer, indicate on the gra..
Select one significant environmental issue. What are the costs and benefits of our current environmental issues from an economic standpoint? What type of market failure could those problems is defined as? What can you as an individual do to help in a..
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