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What can we tell about the total product of labor curve from the marginal product curve above?
calculate the percentage change from 2001 to 2002 in nominal GDP, real GDP, and the price level. What is the value of the GDP deflator in 2002?
One of the most striking aspects of cities in the former Soviet Union is the poor condition of public places. Streets, parks, libraries, museums, concert halls, and public gathering places of every description are all in very poor condition, revealin..
If the demand elasticity is -2.42 and has a 10 percent decrease in price, what would happen to the quantity demanded. 1. decrease by 2.4 percent 2. increase by 24.2 percent 3. decrease by 24.2 percent 4. increase by 2.4 percent
China has continued to lag well behind the rest of the world in information technologies
Show mathematically that for any upward sloping SRMC, SRATC is strictly convex, crosses the SRMC curve at the lowest point on the SRATC curve, and the SRMC curve is rising at that point.
Explain briefly the system of system of the Balance of Payments Accounting for a country, including an explanation of the current account, the capital account, and the financial account.
Stackelberg and Limit Pricing. Consider the Limit pricing and Stackelberg models done in class in which the incumbent chooses capacity first and entrant then chooses whether to enter or not. Find the minimum level of output needed to deter entry (qID..
q1. one proposal to slow the growth in consumption of fossil fuels is the imposition of higher taxes. how would that
In the chapter "Short-Term Decision Making," you are exposed to several cost concepts. Write a brief summary (3–5 paragraphs) of how these cost concepts relate to short- and long-term decision making for a company. Include an explanation of the diffe..
In standard macro model, it is usually time preference that causes positive interest rate. But is there anything to do with risk aversion of utility function that causes existence of positive interest rate?
Is this enough information to classify the industry as an oligopoly? Is a high concentration ratio evidence that an industry is not competitive?
Although I'm specifically interested in the likely economic consequences of implementation of an official world auxiliary language, since this is only theoretical, I'd like to know what have been some economic consequences, whether positive or negati..
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