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If money wages are rising faster than output prices,
a. what is happening to real wages?
b. what would happen to unemployment as a result?
c. what would happen to SRAS as a result?
Mehnaz has already made arrangements for her birthday celebration: she is inviting her 7 friends to a dinner party at a famous Montreal restaurant. The estimated cost of this dinner includes $55 per person for the 3 course meal, as well as 4 bott..
Every house in a small town has a well that provides water at no cost. However, if the town wants more than 10,000 gallons a day, it has to buy the extra water from firms located outside of the town. The town currently consumes 9,000 gallons per d..
Video cards based on Nvidia's GeForce2 processor typicallycost $250. Nvidia realeased a light version of the chip that costs $150. If a certain game makerwas purchasing 3000 cards per quarter
Suppose that the eye doctor offers senior residents a discounted price for an eye exam. The demand function for senior residents is Qs = 50 - Ps, and the demand function for the general public is Qg = 60 - Pg. The marginal cost for an eye exam is ..
Are your state's experiences the same as the rest of the country? Provide an explanation of why your state's experiences are the same as or different from the rest of the country.
Use EXCEL to plot these two series on the same graph. What can you say by examining the graph? On average, do the two variables evolve in opposite directions?
Air at 2 atm and 500 K and at a rate of 12 kg/s flows across a plain plate-fin matrix of the configuration shown in Figure 10.8 and in Table 10.1 for the surface 9.68-0.870. The frontal area is 0.8 m × 0.6 m and the length of the matrix is 0.6 m.
By filling carbon nanotubes with miniscule wires made of iron and iron carbide, incredibly thin nano wires could be extruded by blasting the car- bon nanotubes with an electron beam. If Gentech Technologies spends $2.7 million now in develop- ing ..
Assume that biomass production generates net power per unit area of 0.5 W/m2 and that your consumption of energy is 240 kWh/day. How many square meters of land would it require to provide your annual energy consumption Use the economics underly..
Select one of the sociological perspectives, the functionalist, conflict, or symbolic interactionist, and analyze the problems facing K-12 education in the United States.
(A)if the price of a serving pasta is $4,how many servings will Mr.A buy How much consumer surplus he receive (B)The following week,he come back and the price of a serving pasta is $6,How much consumer surplus decreased from the previous week
These insurance firms receive 9% of each approved claim. Is this compensation scheme likely to lead to opportunistic behavior by insurance companies? What would be a better way to handle the compensation?
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