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Do you think the state has any intention of ever stopping the lottery, given the fact that the state relies on it to bring millions of dollars into its treasury? Is it possible that lottery can make everyone a millionaire? Is it ethical to suggest that the purpose of the lottery is to make everyone a millionaire?
q1. compare the unemployment rate in new mexico to the national average of the past four 4 years. compare the trends in
The aggregate demand curve or schedule shows the relationship between the total demand for output and the: A. Income level B. Interest rate C. Price level D. Real GDP.
Indicate whether the following shocks are real shocks or aggregate demand shocks.
Suppose for a particular production function that If the price of capital is $5 per unit and the price of labor is $125 per unit, at the cost minimizing combination of capital and labor, the firm should employ
The cost of delay is an important expense to consider when redesigning a procedure. In addition, there is uncertainty in identifying future needs and new procedure that the space will need too accommodate.
Over which range of production, the marginal product of the variable input would be increasing in the short run.
q1. explain how is the transfer cost s of an intermediate product find out d whena there is no exterior market for
Representative consumers have the utility function U(C,Ls) = log(C) + log(1- Ls). There is perfect competition in the markets (so price and wages are taken as given by firms and consumers) Write down the budget constraint of the representative consum..
Oligopolists face interdependent profits because. Actions taken by oligopolists to plan for and react to actions of rival firms represent. Which of the following is not an implication of oligopoly interdependence:
As the manager of smith construction you need to decide on the number of homes to build in a new residential area where you are the only builder. How many homes should you build and what profits can you expect.
Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If its investment spending decreases by $8 billion, what will be its new level of real GDP?
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. Find the perfect competition price and quantity. Calculate profit, social welfare (consumer and producer surpluses), and ..
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