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Q1. What are the terms of trade if the united states trades 1 can of soda for 5 units of clothing?
Explain why price regulation of a monopoly in a contestable market will not correct a market inefficiency.
Q2. Assume the generic production function Q=f(K,L) displays both decreasing returns to capital (K) and decreasing returns to labour (L), then:
Answer this production function will certainly display decreasing returns to scale.
This production function will certainly display constant returns to scale.
This production function will certainly display increasing returns to scale.
This production function may display increasing returns to scale.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
What is the social optimum quantity and price. Calculate the total surplus in the market equilibrium, at the social optimum and with the tax.
China has continued to lag well behind the rest of the world in information technologies
Elucidate the marginal revenue from the fourth worker
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
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