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Assume that an economy has 1500 workers, each working 2000 hours per year. If the average real output per worker-hour is $20, then total output or real gdp will be?
Elucidate each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.
A Publishing company uses 400 printers and 200 printing presses to produce books. Elucidate how should the manager adjust input usage.
q.a monopolist faces the inverse demand for its output p 30 - q the monopolist also has a constant marginal and
they pay 20 cents to the Lord High Mayor of Rabushka. What is the marginal tax rate in Rabushka for a worker whose income is $1 million?
What is the impact on the demand curve facing an individual firm in the short run - What happens to output produced by an individual firm in the short run?
When a court interprets the meaning of a statute, what is the responsibility of the court? to determine and carry out the intent of the legislature that enacted the statute, to determine the best social policy for addressing the problem raised by th..
What would be a short-term impact on the production of the corporation. Illustrate what would be the long term.
Explain how much does the customer pay. Explain how much does the government receive as tax revenue.
Arian is about to borrow $2,000 from his uncle. He has an option to repay the loan at the end of year 5 with 7.55% simple interest per year or with 8.4% interest per year, compounded every 6 months. What is the difference of the total interest paid o..
The Consumer Product Safety Commission is reconsidering a rule it first proposed in 1997 that would require child-restraint caps on household products, including cosmetics. When the rule was first proposed, it was resisted by the cosmetic industry an..
Because increased government spending or tax cuts cause higher government deficits, they also contribute to a rise in total planned expenditures and aggregate demand. Previously, the government operated with a balanced budget; however, recently, ther..
Why would your company have bid with a zero mark-up on some past tenders? Why didn’t it win all of those contracts?
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