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Suppose robotic technology improves the results of abdominal surgery - less time to perform the surgery, faster recovery times, and fewer mistakes. What is the impact on the market for abdominal surgery usin this new technology?
How does the change of consumer and producer surplus compared to the tax revenue.
Can you think of any reasons why? How would you describe the market structure of the world coffee market: is it competitive or not? Present your arguments.
why or why not bert is in a set salary he drinks 4 bottles of tea and 10 slice of bread.the price of tea is $10 and $4 per slice of bread.the last bottle of tea added 50 units to berts utility and the last slice of bread added 40 units.is bert ma..
The government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially before multiplier effects.
What do you mean by macroeconomics. What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes.
Write down the budget constraint of the representative consumer and Write down the maximization problem of the representative consumer and find labor supply
Calculate the long run profit for a typical firm. These are the given equations: P= -1/4Q+20 P= 1/4Q
Hardwood Cutters presents seasoned as well split fireplace logs to consumers in Toledo, Ohio. The low-cost provider company is of firewood in market with fixed costs.
Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.
What is the equilibrium after aggregate supply changed? If potential GDP is $1 trillion, does the economy have an inflationary gap, a recessionary gap, or no output gap?
Explain how much tax revenue does this tax create. Illustrate what proportion of the tax is borne by consumers.
Can you make a decision of what part of the business cycle the U.S. economy is currently in? Why? What factors lead you to this conclusion? You may want to do additional research of sources to reach a conclusion.
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