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what are the implications of market structures for buyers ? ............ and give examples ......... <br/> <br/> <br/>
Suppose Firm Y's production function is given by the following Cobb Douglas equation
Justify that the objective of a benevolent government should be to maximize TPB(Q)-TSC(Q), by choosing the right level of Q. Then, write, interpret, and solve the resulting first order necessary condition for an optimum (remember the first order c..
Under current law, most Social Security recipients do not pay federal or state income taxes on their Social Security benefits. Suppose the government proposes to tax these benefits at the same rate as other types of income.
draw an asad diagram which shows what happens if strong growth in ad has pushed actual rgdp to a level above potential
Do these firms have an incentive to reduce their pollution? Explain with diagram. d. Modern economists suggest 2 solutions to the pollution problem above. Explain how a pollution tax (use diagram) and an emission permit trading scheme can both "so..
the following table shows nominal gdp and an appropriate price index for a group of selected years. compute real gdp
Describe the core principle of the standard and whether or not you are in agreement with the proposed standard.
Assume that the banking system has total reserves of $200 billion. Assume also that the reserve ratio is 40 percent and that there is no currency in this economy.
Assuming that a production process uses the best available technology, it is said to be technically efficient and the production function will then indicate the maximum physical output. What use can you personally make from this relationship
In this larger geographic market, the firm's market share is low. Therefore, the defense claims, the firm does not have the market power necessary to carry out anticompetitive practices or to make them worthwhile.Offer a critique of the firm's arg..
The change in the quantity of product C demanded in any given week is inversely proportional to the change in sales of product D in the previous week. That is, if sales of D rose by X percent last week, sales of C can be expected to fall by X perc..
Keep in mind that the oil price is not the same as the price level in macroeconomics diagrams, even though the changes in oil price indirectly affect the general price level (such as CPI and GDPD).drawing of macroeconomic model of AD-AS behavior
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