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Suppose that the market demand for mountain spring water is given as follows:
P = 1200 - Q
Mountain spring water can be produced at no cost.
What will be the level of output and price in the long run if this industry were perfectly competitive?
Explain how does the availability of substitutes affect purchasing decisions.
How might budget deficits affect long-term economic growth?
Describe the economic causes also consequences of environmental devastation and its impact on achieving sustainable growth and development.
The unemployment rate is a deceptive indicator of the current and future state of the economy. How does the timing of lay off and hiring decisions made by companies describe the misleading characteristic of this indicator?
The Fed should simply raise the money supply at same rate that full employment economy increase, and the government should desist from any stabilizing urges.
The only legal employer of military soldiers in United States is the federal government. If the government uses its knowledge of its monopolistic position, what criteria will it employ when estimating how many soldiers to recruit?
Susie is at the grocery store buying milk. She has a choice between milk from Dairy A or milk from Dairy B. She doesn't actually care at all which dairy her milk comes from. (a) Draw a possible indifference curve for Susie between milks A and B.
Ellucidate in words the effects of the rebate on supply and/or demand and its effects on quantity and price.
Assume there are 3-firms with the same individual demand function. This function is Q = 1,000 - 40P. Assume each firm has a different cost function.
Explore how a firm determines the optimal scale of a plant for a given rate of output and why this determination relates to longer run strategies versus current operations. Also, discuss the differences between economies of scale and economies of ..
Suppose the Fed decided to purchase $30 billion worth of government securities in the open market. What impact would this action have on the economy?
The global economy in 2011 appears to be headed into a double-dip recession. Based on your knowledge of aggregate demand and aggregate supply, suggest the reasons and causes for the downward tailspin of the economy.
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