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What are some examples of irreversible investments? I know they're investments that have high value only under specific conditions and can't be easily moved, adjusted, or reversed if conditions change, but I don't know what are real-life examples.
asume that Bob consumes goods x and y according to the following utility function, U (x,y) = 2x + 4xy + y compute Bob's marginal rate of substitution for good x and for good y. Is the MRS diminishing?
1. suppose there is an increase in the price of oil. the central bank does not change its price target. the change in
Suppose which major function of profit is to allocate resources according to consumer preferences
1. demand and supply curves of physician care services per day are given by the following equations qd 800 - 5p and qs
In friedman's interpretation of the philips curve, an expansionary monetary: 1.increase both inflation and nominal output in the short run and long
Explain the differences and/or similarities between firms in pure competition market structures and firms in monopolistic competition market structure:
Suppose that the economy is initially at a long-run equilibrium. Then the Fed increases the money supply. Assuming any resulting inflation is unexpected, explain any changes in GDP, unemployment, and inflation that are caused by the monetary expan..
What is the real interest rate along the balanced growth path - what is the effective saving rate along the balanced growth path?
2. (4 points) Using the perfectly competitive labor demand and labor supply model,what would happen, all else equal, to the real wage and the number of workers in each of the cases below:A. There is an increase in the amount of physical capital as a ..
The subsequent table gives total output or total product as a function of labor units used. Does the table indicate a situation of diminishing returns.
Elucidate what factors move the marketplace away from equilibrium.
In an effort to reduce their total costs, many companies are now replacing paychecks with payroll cards, which are stored-value cards onto which the companies can download employees' wages and salaries electronically.
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