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The distinction between supply and the quantity supplies is best made by saying that supply is represented graphically by a curve and quantity supplied as a point on that curve. why?
In the classical model if there is a decrease in capital stock, what are the effects on labor demand, real wages, and output? (Increase or decrease) What are the effects if population decreases?
How does capital investment affect the marginal physical product of labor? Does more college education have the same kind of effect? Which is a better investment?
Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) the home country’s consumers of Y, (ii) the home country’s producers of Y, and (iii) the home gover..
You operate a small but popular and profitable restaurant/bar in a college town. Discuss at least two pricing strategies you can use to increase your revenues and analyze them in terms of their ability to generate additional profits.
Defenders of communist economic systems may point out that consumers pay lower prices for certain goods because the government imposes a limit. Cite at least two other ways which consumers may be paying for these goods
Here are five values for different types of elasticity. Assume that prices rose by 10% in the calculations for the price elasticity of demand and also in the calculations for the cross price elasticity of demand. In a multi-paragraph essay, explain w..
Why does rent control create an inefficient allocation of resources?
Provide optimal wage-bonus package, compute this employees' effort, expected payoff and employer's profit. Draw a game tree for employer-employee game in parts a-c.
______ signals that a recovery is coming, and is a condition to be expected at the trough of the business cycle.
In a particular competitive market, the sellers have private marginal cost (PMC) equal to 2.5 at every output level. The demand curve has the equation P = 52.5 − (5Q/2), where Q ≤ 21 is the quantity bought at price P ≤ 52.5. Find the competitive equi..
The issues that you have been asked to report are if the labour market is working properly why does Australia experience simultaneous periods of unemployment and job vacancies?
First Amendment - Freedom of Speech Part of the First Amendment to the Constitution of the United States says that Congress shall make no laws abridging the freedom of speech. However, there are laws that prohibit the use of certain offensive languag..
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