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Q1. Will the unemployment impact be bigger or smaller when we have elastic supply as opposed to inelastic supply? Why?
Q2. What would be the new equilibrium exchange rate that would make purchasing power parity grasp for laptops as if U.S. $ cost and the Canadian dollar price stayed constant?
Q3. Define creative effectiveness. Explain what does productive efficiency implies allocative efficiency? Explain.
decades has noting to do with the Department of Health and Human Services, but rather with the Internal Revenue Service. What evidence can you cite to support your position?
Should the firm produce? The firm should produce as long as the market price >= Average Variable Cost (AVC).
Elucidate that contract align the incentives of the new vice president with the goals of the owners.
(a) What is market concentration and how can you know whether a market is concentrated or not (b) What are the causes of market concentration (c) Are business mergers good or bad for the economy Explain why
q1. the precursors of todays engineers listed in the quotation from wickenden had no classes and few or no books from
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
Draw the indifference curves that represent the following individual's preferences for peanut butter and jelly. Indicate the direction in which the individuals' utility is rising.
Adam Smith rejected utility as a foundation for value. He illustrates this rejection in his famous diamonds and water paradox. Briefly explain how the cognitive switch from total utility to marginal utility resolves this paradox.
Describe if the demand for the following products is price elastic or price inelastic, and explain your answer.
Projects A requires an initial outlay of $1000 and yields $41200 in 4 year's time. Project B requires an outlay of $30 000 and yields $35 000, after 4 years. Which of these projects would you choose to invest in when market rate is 3 percent."
Describe how the Production Possibilities Curve (PPC) changes for a nation facing increasing opportunity costs for producing food and video games given the following events
How do banks create money, and what could the Federal Reserve do to reduce this credit creation process, and in what circumstances might it want to do this?
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