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Suppose that the economy starts at equilibrium and the mpc = 0.8.What would be the effect of a 500 increase intaxes once all the rounds of the multiplier process are complete?
The number of repairs manufactured by a computer repair shop depends on the number of employees as given follows:
A monopolist has a constant marginal also average price. Compute the monopolist's profit maximizing quantity, price also profit.
Consider a farm in the former Soviet Union. Try to describe how dicisions on the number of chickens to be raised, and the amount of each feed to use in raising them, were made under the old communist regime.
A monopolist can not hire fewer employee and pay a lower wage than a firm in a competitive labor market.
A monopolist faces the following demand curve: P=120-0.02Q-What is the level of production, price and total profits per week?
faith that the laws of supply and demand always hold, why is it that the "popular" gifts for the holidays always sell out early.
For ever of the situations, decide whether Al has increasing, constant, or diminishing marginal utility.
You're the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees.
The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate total costs in both circumstances).
Compute the total fixed costs, total variable costs, average fixed costs.
Suppose the equilibrium price for apartments is $500 per month and the government imposes rent controls of $250. Which of the following isunlikely to occur as a result of the rent controls?
What would this event makes the demand for the dollar to increase or decrease relative to the demand for the pound.
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