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What are the causes of market failure, or when and why do markets fail to provide a socially optimal allocation? Explain & give examples of four types of market failure.
What do you make of Karl Marx's contributions to sociology? What perceptions of Marx have you been exposed to in your society, and how do those perceptions influence your views?
Is the equilibrium real output also necessarily the full-employment real output and Sketch in the new aggregate demand curve as AD. What is the new equilibrium price level and level of real output?
Analyse both the conventional and unconventional tools used by central banks and type of unemployment is responsible for this reduction in the unemployment rate? Explain your answer.
Create a 12- to 15-slide Microsoft® PowerPoint® presentation that will be presented to the company's Executive Committee (that is, to your ECO/372 class during Workshop 4). The presentation should cover the following items:
Starting from equilibrium national income of $250 billion, suppose government purchases decreased by $25 billion. Describe the effects on the AE curve and on equilibrium national income.
A purely competitive firm finds that the market price for its product is $20. It has a fixed cost of $100 and a variable cost of $10 per unit for the first 50 units and then $25 per unit for all succcessive units. Does price exceed average variable c..
Given the price elasticity of demand for two products & marginal cost, determine the optimal markups and prices under third-degree price discrimination.
Suppose, during the last year, in a closed economy (net exports=0), consumption expenditures were $20 billion, investment was $12 billion, government purchases were $20 billion, and the underground economy produced $10 billion worth of goods and serv..
Illustrate what does, and what doesn't, the Solow model tell us about the sources of economic growth and the best policies for attaining high per capita incomes.
1. The slope of the total product curve is: 2. Marginal product, mathematically, is the slope of the:
If technological change increases structural unemployment, why do most governments and economists encourage such change?
Alpha and Beta, two tiny islands off the east coast of Tricoli, produce pearls and pineapples. The production-possibilities schedules in the table below describe their potential output in tons per year. (a) What is the opportunity cost of pearls on..
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