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What are the differences between the understanding of the relation between saving investment in the Keynsian theory vs. the neoclassical theory?
Which of the following statements about indifference curves is true
An electricity industry contains two generating firms, one of which has marginal cost= $2.50 and the other of $1.50; the demand curve is Quantity=40-4*price. Quantities are in MWH and price are in $/Mwh. Very low production cost! Find cournot Equilib..
Write down on a paper analyzing dissimilar approaches that might be used by Keynesian theorists.
ABC Company has been producing its own widgets that are used in manufacturing its final product. The cost of manufacturing 10,000 widgets is summarized below.
Suppose the price elasticity of demand for farm products is inelastic. If the federal government wants to follow a policy of increasing income for farmers, what type of programs will the government enact?
a. What is the average male-female wage differential in the labor market?
Suppose that U.S. debt is $100 trillion dollars at the beginning of the fiscal year. During the fiscal year, the government spending is $7 trillion and government transfers are $2 trillion and tax revenues equal $10 trillion. At the end of the fiscal..
The firm’s constant marginal cost of production is, c = 50. The firm may charge an access fee and per unit price (that the consumers can choose not to pay). What are the profit maximizing access fee and price?
Compared to an open economy without a tariff, the amount of imported sugar will drop from _____ tons to _____ tons after the tariff is imposed.
What is wrong with claiming that changes in the distribution of income are associated with trade instead of the technological changes that the article discusses.
Suppose coal is only to be extracted over two periods. The inverse demand for coal is estimated to be P = 300 - Q, where P is the price of coal and Q is the quantity demanded. The marginal cost of extraction is given by MC = 2Q. What level of extract..
Using the equi-marginal principle and the condition for consumer utility maximization, please explain the effect on the consumption of gasoline when prices increase. You may assume that the utility of money is constant.
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