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Q. Illustrate what did classical economists assume about flexibility of prices, wages and interest rates? Illustrate what did this assumption imply about self-correcting tendencies in an economy in recession? Illustrate what disagreements did Keynes have with classical economists?
If her goal is to maximize the amount of money she can make every week, explain how many hours will she work at the bookstore.
If a large-scale war resulted in massive destruction of physical facilities, but not loss of life
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
Using a wholesale cost of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Illustrate what do your results tell you about the relative desirability of perfect competition versus monopoly in the presence of externalities.
Illustrate what would be the size of the resulting deadweight loss relative to the competitive outcome.
The type of manuscript for this book was typed for free by a friend. Had I hired a secretary to do the same job.
Compute the price, output, and profit contribution if the product is not certified.
Management charges higher highly rates in the winter, when its average occupancy rate is 85 percent. Explain can this policy be consistent with profit maximization.
Illustrates what happens if business taxes are reduced also the real interest rate increases
Illustrate what is the expected value of the future share price? b. Sharon buys a ticket in a small lottery.
Explain why monopolistically competitive firms frequently prefer non-price competition to price competition. Do you agree. Why.
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