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Suppose the marginal social cost of television sets is $100. This is constant and equal to the average cost of television sets. The annual demand for television sets is given by the following equation: Q = 200,000 - 500P2. If television sets are sold in a perfectly competitive market, calculate the annual number sold. Under what consiquences will the market equilibrium be efficient?
Determine the impact on the economy if the central bank in U.S. used inflation targeting.
When and where did modern economic growth first happen. What are the major institutional factors that form the foundation for modern economic growth. What do they have in common.
illustrate what was the size of the economy's recessionary, inflationary gap
Suppose the interest rate on 6-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States.
Clarifying resource demand as well as differs from those determinant product demand.
They could each decide to work a few extra hours on Saturday and earn more income. But they choose to play tennis or to relax around the house.
Illustrate the effect of increasing Government spending on all the macro-economic variables assuming a horizontal AS curve.
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
Characteristics of Proprietorships what percentage of sole proprietorships is engaged in retail trade? Why might more sole proprietorships be engaged in services rather than manufacturing?
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
Suppose that in the 1990's, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration.
Calculate the deadweight loss from the tax. Elucidate the tax be defensible in spite of the deadweight loss.
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