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Marginal propensity: 0.63 - 0.76
what is expenditure multiplier?
wil increase from __ to _____
and if multiplier increases, everything else equal. changein expend. will raise aggreg. ependiture to a [larger,smaller,same] amount
Find the equilibrium price and quantity for this market and Draw the budget constraint between "leisure hours" on the horizontal axis and "wage income" on the vertical.
Consider the following demand schedule. Does it apply to the perfectly competitive firm? Calculate marginal and average revenue.
Why does rent control result in a shortage of rental units.
Conduct an analysis of the demand for the organization product and or services by - Discussing the source of your numerical price and other data.
Given production function Q= 100(L^0.5)(K^0.5), where L = labor hours per unit time, K=machine hours per unit time, and Q=output per unit time.
A firm produces 10 units per week at a price of $500 each. With AFC of $100 and AVC $350 per unit, the firm is earning economic profits of $500 per week.
Assume that the government proposes to cut taxes while maintaining current level of government expenditures. To finance this deficit, it may either
List at least four sources of growth in the economy along with two examples of each source. Explain what it contains and why these sources are important.
Identify the fallacy in the following discussion: "The effect of an excise tax on a commodity might seem at 1st sight to increase the value that buyer pay.
When the price of a good is $5, the quantity demanded is 100 units per month; when the price is $7, the quantity demanded is 80 units per month. What is the price elasticity of demand, using the midpoint method?
What was the Neolithic Revolution. Explain
What is the gross demand for consumption by a ICIW tribe member for pineapples in period 1? In period 2? For a GHN tribe member in period 1? In period 2?
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