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Immigration is a major topic of concern in today’s economy. What are the possible problems and solutions for these concerns and what could happen to the U.S. labor markets if immigration is not controlled?
Suppose Sally only purchases food and clothing, and her utility can be expressed as U = F _ C. Currently-What is her optimal bundle?
Suppose that GDP is 5,000. Consumption is C=1,000+.3(Y-T). Investment is I=1500-50r, where r is the real interest rate. Taxes are 1,000 and government expenditures are 1,500.
Illustrate what extent are these definitions of economics and happiness similar. To what extent are they different.
On Wednesday, the exchange rate between the euro and the U.S. dollar was $1.20 per euro. On Thursday it was $1.18. Did the dollar appreciate or depreciate against the euro? By how much?
Discuss the likely sources of the economies of scale that underlie the large size of these firms. [Note: the stocks of private firms are not traded on public stock exchanges
You are given the following information concerning Freedonia, a legendary country, Determine the marginal propensity to consume in Freedonia, and what is the marginal prosperity to save?
Explain how would you interpret the slope coefficient also illustrate what is the rate for the period under study.
Compute the monopoly equilibrium. Compute the consumer surplus. Assume this firm practices two-parts tariffs, Compute the optimal output.
Why are economists concerned about the understanding or overstating potential GDP and what factors might have led potential GDP to rise in the late 1990s?
Think an economy with following Cobb Douglas production function; Determine the equation describing the demand for labor in this economy?
On Thursday nights, a local restaurant has a pasta special. Ari likes the restaurant’s pasta. His willingness to pay for each serving is shown below:
Assume two firms, A and B, serve a market with demand D(p) = 100 - p. Assume that (i) they have identical cost functions, c(Q) = 5Q,
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