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Suppose that the table below shows an economy's relationship between real output and the inputs needed to produce that output: Input Quantity Real GDP 300.00 $400 225.00 300 150.00 200 a. What is the level of productivity in this economy? Instructions: Round your answer to two decimal places. b. What is the per-unit cost of production if the price of each input unit is $5? Instructions: Round your answer to two decimal places. $ c. Assume that the input price increases from $5 to $6 with no accompanying change in productivity. What is the new per-unit cost of production? Instructions: Round your answer to two decimal places. $ In what direction would the $1 increase in input price push the economy's aggregate supply curve? The aggregate supply curve would shift to the . What effect would this shift of aggregate supply have on the price level and the level of real output? d. Suppose that the increase in input price does not occur but, instead, that productivity increases by 25% percent. What would be the new per-unit cost of production? Instructions: Round your answer to three decimal places. $ What effect would this change in per-unit production cost have on the economy's aggregate supply curve? The aggregate supply curve will shift to the . What effect would this shift of aggregate supply have on the price level and the level of real output?
Acetylsalicylic acid (aspirin), HC9H7O4, is the most widely used pain reliever and fever reducer in the world. Find the pH of 0.045 M aqueous aspirin at body temperature (Ka at 37°C = 3.6 10-4)
Calculate the vapor pressure of water above a solution prepared by dissolving 35.0 of glycerin () in 135 of water at 343 . (The vapor pressure of water at 343 is 233.7.)
What are the hypothesized direct relationships implied by the SEM model and identify the exogenous and endogenous variables.
Monothiocarbamate complexes of Fe(III) have been prepared. For the methly and ethyl complexes, the magnetic moment, μ, is 5.7 to 5.8 μB at 300K, changes to 4.70 to 5 μB at 150K, and drops still further to 3.6 to 4 μB at 78K.
A stone is dropped from rest into a well. The sound of the splash is heard exactly 2.00 s later. Find the depth of the well if the air temperature is 14.0°C. meter
A bottle of wine contains 12.5% ethanol by volume. The density of ethanol is 0.789 g/cm3. Calculate concentration of ethanol in wine in terms of mass percent and molality.
Draw the payoff trees of each assets
A diver pushes off horizontally from the top of a vertical cliff that is 40.0 m high from water surface below. How long is the diver in the air
a) Use Planck's equation (E = hv) to determine the energy, in kilojoules per mole, of radiation of frequency 2.12×10^14 (s^-1). b) What electron transition in a hydrogen atom, starting from the orbit 10, will produce light of wavelength 380 nm
Discuss some of the advantages and disadvantages of the WHO protocol versus the single test. Give the assumptions that you have made in carrying out calculations.
An increase in the price of an input leads to higher costs and therefore less profit at the original quantity produced; therefore, some firms will increase the quantity they produce in order to increase revenues.
explain and compare these four different scenarios on how mortgage depreciation and tax expense impacts decisions on
You're the GM of firm that manufactures PC's. Demand for them has dropped 50%, thanks to soft economy. The sales manager has identified only one potential client, who has received many quotes for 10000 new PC's.
the federal reserve controls monetary policy give an example of how they would use this policy to help fix the economy
Jonathan a two-and-a-half-year-old, lives with his mother and brothers at his grandmother's house in Chicago.Based on the information in Jonathan's case study,what is Jonathan's rate of growth over the past six months.
open the microsoft excel workbook interactive model economics.xls.on the first tab you will see a figure similar to
a. Profits earned by Ford Motor Company in 2012 on automobile production in Ireland
Define the barriers to entry into an industry. Describe how each barrier can foster either monopoly or oligopoly. Which barriers, if any, do you feel give rise to monopoly that is socially justifiable?
markets in developed economies are approaching saturation level. therefore mncs are searching for new untapped
The text presents the target rate of unemployment as being about 5 percent. William Vickrey, a Noble Prize winning economist, argued that the target unemployments rate should be seen as being between 1 percent and 2 percent.
What does the analysis of the 'hold up' problem contribute to the explanation of the size and scope of firms?
Entrepreneurship is a factor of production which adds value to the production process and therefore earns a legitimate return to its exertion. How would you evaluate these two contrasting views, and what are their implications for society?
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