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What is the level of saving and consumption in the U.S. today? As a consumer should you be saving or consuming? Is this something the government should try and influence? If you were given a $100 today, tax free, would you spend it, or save it.
Assume you own the remodeling company. You're currently earning short-run profits. The home remodeling industry is an increasing cost industry. In the long run, what do you expect will happen to:
suppose we are analyzing the market for hot chocolate and at equilibrium. for each identify the determinant of supply
assume that country a has a population of 500000 and only produces 1 good cars. country a produces 100000 cars per
Suppose that the Japanese yen rises against the U.S. dollar-that is, it will take more dollars to buy a given amount of Japanese yen. Explain why this increase simultaneously increases the real price of Japanese cars for U.S. consumers and lowers the..
One of the reasons for the existence of agglomeration economies is scale economies in intermediate inputs. Answer the following. What are the 3 conditions that are required for the emergence of agglomeration economies from the sharing of input suppli..
suppose in the short run a perfectly competitive firm has variable cost 3q2 and mc 6q where q is the quantity of
the ppf curve shows the economic choices a country can make about production given scarce resources a given technology
Explain why the price elasticity of demand is generally a negative number, except in the cases where the demand curve is perfectly elastic or perfectly inelastic. What would be implied by a positive price elasticity of demand?
A painting operation is performed by a production worker at a labor cost of $1.40 per unit. A robot spray-painting machine, costing $15000 would reduce the labor cost to $0.20 per unit. If the device would be valueless at the end of three years, what..
What should happen to the equilibrium price, interest rate, and quantity of bonds today if people expect that these bonds will be worth half as much in the future? Use simplified model of the bond market. A complete answer will include both a g..
1. suppose that the long-run world demand and supply elasticities of crude oil are -0.906 and 0.515 respectively.
suppose Arnor and Gondor are two very similar countries that started out with identical population, technologies, etc. except that Gondor has a much higher mortality rate due to a more hazardous geographical location.
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