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What assumptions cause the immediate-short-run aggregate supply curve to be horizontal? Why is the long-run aggregate supply curve vertical? Explain the shape of the short-run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and relatively steep to the right?
An economist for the Vanda-Laye Corporation
If a black market developed as a result of the $125 a week rent ceiling, what range of rents would be offered for a room? Would the allocation of housing be efficient? Would it be fair? Explain.
Completion of import documents needed for entry into the U.S. to include the tariff classification number and impacted duty rates or fees. Potential dumping issues (i.e. predatory pricing with knockoff products: when manufacturers export a product..
How many nurses does National Hospital employ, and what wage will National pay its nurses, what is the deadweight loss arising from monopsony?
within the discussion board area write 400-600 words that respond to the following questions with your thoughts ideas
The widget industry in Springfield is competitive, with numerous buyers and sellers. Consumers don't differentiate among the various brands of widgets (no product differentiation). The industry demand curve is given by: Qd = 998 - 5Pw + 4 Y - 6Pg
free trade is best defined as a system in which goods capital and labor flow freely between nations without barriers
What is meant by rationality Consider the three "systematic mistakes" discussed in your text. What are the costs of making those "systematic mistakes" Is it possible to act "irrationally," or is rationality defined by the individual's approach to ..
answer a b c and d using the following informationsuppose that the supply schedule of maine lobsters is as followsprice
1. Water is produced and sold by the government. Demand for water is represented by the linear func-tion Q=50-2P. The total cost function for water production is also a linear function: TC(Q) = 100 + 10Q.
how does charging the monopoly optimum and the welfare of consumers, the monopoly, and society?
Consider two firms X and Y that produce identically tasting cold drinks. In order to raise the demand for its cold drink, firm X raise its advertisement outlay.
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