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The law of diminishing returns is a production principle; hence it has nothing to do with the cost curves. Is this statement true? Why?
reserve requirement for banks is set at 5. your firm withdraws 42000 on its line of credit at the security bank to
If someone said "My personal economic theory is live below my means..." what does this mean and what implications does t.is have for that person's economic future?
Returns to scale are about the relation between the size of a firm and its production. If you have a firm of a certain size and then increase all its inputs by the same factor, will then the total output also increase by the same factor.
Suppose that management and labor are bargaining over the distribution of excess profits amounting to $200 per worker. Suppose that failure to reach an agreement an agreement reduces management's share of the surplus by 5 percent per round and reduce..
If the Federal Reserve changes the reserve ratio in the economy from 10% to 5%, explain the effect this will have on the broader economy in the short run and the mechanism for it happening. Use both the quantity theory of money and the money multipli..
president obama earns about 400000. what will be the change in the purchasing power of the presidents salary compared
Describe why a monetary policy is impotent in achieving macroeconomic goals under the fixed exchange rate system. Begin your discussion with the assumption that the economy is at equilibrium in the balance of payments (external balance), however at l..
A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two met..
What is the present discounted value of labor income at the beginning of life? What is the highest sustainable level of con- sumption such that consumption is equal in all three periods?
Determine the most highly concentrated retail industries in the U.S. as of 2002 and find the same information for Manufacturing and also included the Herfindahl-Hirschman Index.
Compute the elasticities for each independent variable. Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a rationale in which you cite your results.
discuss the basic concepts of simple systems.identify 3 examples of simple systems. identify 3 examples of simple
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