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Suppose that the? long-run aggregate supply curve is positioned at a real GDP level of $14 trillion in base year? dollars, and the? long-run equilibrium price level? (in index number? form) is 120.
The corresponding full employment level of nominal GDP must be ____ trillion dollars
Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula TC = 500Qmill + (Qmill) 2 where Qmill indicates the mills annual production in thousands of tons. The marginal cost o..
If the actual price in this market were below the equilibrium price, illustrate what would drive the market toward the equilibrium.
The market supply and demand functions for a product traded on a perfectly competitive market are given below: Based on this information, calculate the equilibrium price and quantity in this market.
q.assume that over the short run say the next five years demand for opec oil is given by q 57.5 -.5p or equivalently p
Illustrate what problems would occur if the managers of each division were given incentives to maximize each division's profit separately.
Explain how much does the customer pay. Explain how much does the government receive as tax revenue.
Describe the founding of the company. Did any mergers or acquisitions affect the company? Were there any regulatory or other changes that affected the company's development?
In planning for your retirement, you would like to withdraw $50,000 per year for 20 years. The first withdrawal will occur 20 years from today. What amount must you invest today if your return is 10% per year? What amount must you invest today if you..
In a world of completely selfish individuals, if we could measure each person's marginal value for his or her own medical care, what conditions must be met in order for the healthcare market to be at an optimal level of output?
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000, making the marginal revenue MR=1.70-Q/5,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. Variable cost is 0.80Q..
A Case Brief should not exceed 500 words (one single-spaced typed page). It should be written with the assumption that the reader is familiar with the details of the case.
Elucidate how the relative composition of M1 changed since 1965. Do your best to explain why this change has occurred.
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