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Economists say that wages of most countries relative to the US are, for the most part, similar to their productivity relative to the US. Do you think US apparel manufacturers would agree with this?
EXplain what is the short-run condition for the monopolist and what output changes would you recommend.
The country of G is a small, open economy. Suddenly, a change in world fashions makes the exports of G popular. Explain what happens to public and private savings, investment, net exports, the interest rate, and the exchange rate.
What is an equilibrium price and quantity? Imagine that as a result of a government tax cut, aggregate demand becomes higher by 50 at every price level. Identify the new equilibrium. How will the new equilibrium alter output? How will it alter the pr..
John opens a savings account by depositing $5000. The account pays 2% simple interest. After 3 years, John makes another deposit, this time for $6000. What will be the amount in the account when John withdraws the money 7 years after the first deposi..
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
Between patents and copyrights, which reflects a free market, and which is a grant of monopoly privilege by the state? Patents give inventors or developers of new products
Suppose the government sets an effective price floor (that is, a price above equilibrium) in the market for oranges and agrees to buy all oranges that go unsold at that price. The oranges purchased by the government are discarded. Illustrate the numb..
In the Wall Street Journal article included in this week's lesson, what change in the small drugstore chain's product differentiation strategy has helped lift profitability? What has been responsible for the success of this strategy (who comprises th..
q. television channel operating profits vary from as high as 45 to 55 percent at mtv as well as nickelodeon down to 12
The Short Run Total Cost of a firm is given by C= 190 + 53 Q. Find out the firm's total fixed cost. Find out the firm's total variable cost. Find out the firm's short run marginal cost.
Suppose that you are willing to pay $10 for a good and the market price is $15. In this case: you will buy the good and receive a consumer surplus of -$5.
what could affect every also a Discussion of why it is more accurate to examine both when trying to conclude a nation's economic success.
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