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Use the supply and demand analysis, discuss the impact of worker shortage, which is nowadays widely observed in many Chinese cities, on prices and consumers’ living costs. Try to consider the effect of worker shortage on firm production and consumer demand
Explain the implications of those classifications on tax revenue collections when the per-unit tax increases as opposed to decreases.
Explain how does a decrease in foreign price levels affect domestic aggregate expenditures and demand. How is the aggregate supply curve different from the supply curve for a single good, like pizza.
Under what circumstances are economic profits a good indicator of market power? Explain why it is not possible to estimate the demand curve simply by fitting a line through annual observations on price and quantity.
Trace the evolution of work on the laissez-faire doctrine through two arcs. First those theorists who are trying to prove that the system is stable.
If the cost for the first semiannual period is expected to be $85, what is the present worth of the costs for a 4-year time period at an intrest rate of 1% per month?
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
Illustrate what is the key assumption of the basic Keynsian model? Explain why this assumption is needed if one is to accept the view that aggregate spending is a driving force behind short-term economic fluctuations.
Find out the probability of a 5%-level test rejecting the null hypothesis when the true mean impurity concentration is 2.10%.
q. it is now january 1 2012 and you will need 1000 on january 1 2016 in 4 years. your bank compounds interest at an 8
You are an efficiency expert hired by a manufacturing firm that uses K and E as inputs. The production function for a competitive firm is Q = K1/2 E1/2. The firm sells its output at a price of $32, and can hire labor at a wage of $12.44 per hour. In ..
Your insurance firm processes claims through its newer, larger high-tech facility and its older, smaller low-tech facility. Each month, the high-tech facility handles 10,000 claims, incurs $100,000 in fixed costs and $100,000 in variable costs. Each ..
You purchase a house for $200,000 by putting 10% down and taking a 15-year loan for the balance. The APR (annual percentage rate) of the loan is 6%. After 5 years, you can refinance your loan at 4.8% for a fee of $2,000. To the nearest tenth of a yea..
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