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Explain what the short is--run effect of a fiscal contraction (lower government spending for example?
What happens to the nominal wage rate during the process of moving from short-run equilibrium to long run equilibrium?
What about real wage rate
Given the following total-revenue function tr=9q-q2 (a) derive the total-, average-, and marginal- revenue schedules from q=0 to q= 6 by 1's
What is statistical discrimination and why does it occur, Provide an example of statistical dis-eliminations. Is statistical dionimination likely to persist overtime or will it eventuly disappear. Explain
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Explain what could happen in the future with each of these trends below and come up with three(3) more trends not listed and do the same analysis for your three additions.
Describe why personalized pricing or 1st degree price discrimination is g enerally more profitable than menu price. Why, if this is the case, do companies use menu pricing?
A monopolist faces a demand curve given by: P = 40 -Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $2. There are no fixed costs of production.
farmers to lose fund since the demand for food is inelastic meaning the price refuse proportionally faster than increase in quantity sold.
What are some of the costs associated with anticipated inflation? Why do these differ from those associated with unanticipated inflation?
a random sample of 10 economists produced the following forecasts forpercentage growth in real domestic
the law of comparative advantage recommends that countries specialize in those products in which they have a
the economic analysis division of mapco enterprises has estimated the demand function for its line of weed trimmers as
If the price of coffee came down to overshoot former equilibrium pricing but another type of coffee begins to do extremely well what has happened to the price elasticity and equilibrium
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