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What is price-wage rigidity?
Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?
Evaluate the following events on prices and volume ofsales of houses in the Northern Kentucky housing market.Use demand and supply diagrams, label them carefully, and explainwhat affects the diagram as a result of each event.
Assume that product A requireds .5 hour per unit and B requires .25 hour per unit. If both products must go through the same manufacturing machine and there are only 30000 machine hours available per period, which product should be pushed
A monopolist has two types of customers. There are 100 of type A, who will each pay up to $10 for a single unit of the good, and 50 of type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must cha..
An experiment involves rolling two, six-sided dice. A trial consists of tossing two other. There are 36 possible outcomes for each experiment, so what is the probability of rolling a score of 10 or greater if the first die you roll is a 5
Assume that the objective function coefficient for X remains 8, but the objective function coefficient for Y changes from12 to 6. Does the optimal solution change. Use the graphical solution procedure to find the new optimal solution.
An automobile is priced at $ 7,000. A buyer may purchase the car for $ 6,500 now, or alternatively, the buyer can make a down payment of $ 1,000 now and pay the remaining $ 6,000 in eight equal quarterly payments ( over 2 years)
what amount will be required to purchase, on an engineer's 40th birthday, annuity to provide him with 30 equal semiannual payments 0f $1000 each, the first to be received on his 50th birthday, if the nominal interest is 4% compounded semiannually
After few years, cost of production of Panadol increased due to increase in price of paracetamol (one of the main ingredient used in the production of Panadol). Due to this increase people started using Disprine instead of Panadol.
The Xerxes Company is composed of a marketing division and a production division. The marketing division packages and distributes a plastic item made by the production division. The demand curve for he finished product sold by the marketing divisi..
(a) Calculate profit-maximizing output (b) Calculate Price at profit-maximizing point (c)What is the variable cost function A firm has the following Price and Cost functions
Given the relationship between the level of significance and the level of confidence when you evaluate the probability of occurrence what is the level of confidence if the significance level is .08
Assume that the demand curve is given by the following: p=20 and the supply curve is given by Q=p-5. If the government puts in place a tax of 5 that must be paid by the seller the total amount of tax revenue raised is equal to what
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