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Let's use cloth and food, with inputs of labor andland, with cloth the labor intensive industry. If the relativeprice of food increases in the 2 good HO economy, what happens tothe relative utilization of the labor in the production of food?What about in the production of cloth? If applicable, illustratethis relationship with graphs, and if there is an effect, explain the mechanism by which these relative uses are changed. What implications does this have for the welfare of different groups insociety?
In general conclude which of the five competitive forces has the most significant impact on approach.
Illustrate effect, if any, do you think fiscal policy had on the changes to these line item spending amounts.
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?
Estimate the owner's decision to start Sound Devices. Are any of the above costs likely to be one-time costs? If so, how would this affect your answers. Explain.
A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.
On one hand, the WTO's role in international trade is becoming more significant. On the other hand, its verdict on the Brazil's Embraer versus Canada's Bombardier case did not seem to solve the problem.
Elucidate what would be the P and Q in a competitive industry. Find CS and PS for a competitive industry and a monopoly. compare them.
Elucidate its advantages and disadvantages and suggest appropriate policy prescriptions to deal with the potential shortcomings.
If he is an expected utility maximize who tries to maximize the expected value of ln W, where ln W is the natural log of his wealth, Explain how many coupons would it is rational for him to buy.
Offering group medical coverage to large firms and requiring all employees to participate in the coverage.
Compute the equilibrium level of income for the open economy aggregate expenditure model.
Effects on equilibrium cost as well as quantity when wages for all dental assistants enhance, increasing the expenses of inputs.
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