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If a rise in incomes is the same proportion for both low-income and high-income workers.
a) then poverty will rise and inequality will remain unchanged
b) then poverty will fall and inequality will remain unchanged
c) then poverty will rise and inequality will rise.
d) then poverty will fall and inequality will fall.
What would be the total profit of the firm if it sells the entire output at a cost of Rs. 60 per unit.
q.consider the following cobb-douglas production function for the bus transportation system in a particular cityq
Why should a profit maximizing manager who is setting prices care about elasticity demand curve for a product. Elasticity only accounts for how price changes revenue.
The following estimates have been obtained for the market demand for cereal In Q= 9.01- 0.68 In P+0.75In A-1.3M, where Q is the quantity of cereal, P is the price of cereal, A is the level of advertising and M is income.
Which of the following demonstrates the law of supply?
Explain why monopolistically competitive firms frequently prefer non-price competition to price competition. Do you agree. Why.
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
q. transfers to the rest of the world 20loans to the rest of the world 60loans from the rest of the world?increases in
q.the following equations describe a small open economy. figures except the parameters are in millions of dollars. c
Consider a Cournot duopoly with the inverse demand p = 130 - Q. Both firms have constant marginal and average cost MC = AC = 10. Find the Cournot-Nash equilibrium output and profit of each firm. Calculate the con-sumer surplus and DWL.
In what ways do you think their behavior would differ from comparable doctors in a not-for-profit hospital in the US?
Elucidate each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.
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