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What is the cost to a firm in an oligopoly that fails to take rivals’ actions into account? Suppose the firm operates along demand curve D1, shown below, as if no firms will follow its lead in price cuts or price rises. In fact, however, other firms do follow the price cuts, and the true demand
The level of investment down because of a lack of confidence in the economy. Interest rates are kept artificially low by the Federal Reserve for several years.
Drowns indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure
All three spend half their time on each activity (C)iv. Larry spends half his time on each activity, while Moeonly washes cars and Curly only mows lawns (D)
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
suppose a person defects from cuba (a country that generally disregards the use of markets) to the united states and asks to see a market in action. when would you take her? did you give her a complete showing of this market?
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
Compute the annual lease payments. Remember, the payments are to be considered at the beginning of each year - annuity due.
Explain how might federal deficits crowd out private domestic investment. How does this crowding out affect future living standards.
Compute the income elasticity also elucidate how sale of the novels would change during a period of rising incomes.
Label a point f inside the curve. why is this an inefficient point. label a point g outside the curve. why is this point unattainable.
Classical macroeconomics theory concludes that ultimately Fiscal policy generates only quantity effects, erratic investment causes long business cycles or else.
After Halloween some stores offer discounts on goods. What can we say is happening to the demand or supply curve for prices to come down What can we say about how consumers are reacting about the lower pricing
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