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If an economy is in a recession, what would expansionary fiscal policy do?
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Technological advance improves productivity in a purely competitive industry. This change will result in a shift: a.) down of the individual firm's MC curve, causing the market supply curve to shift to the left b.) down of the individual firm's MC cu..
consider the following table.quantity total cost0 162 174 186 198 2110 2712 3514 451 suppose that the price of
Describe the cutthroat competitors reasons for not increasing or decreasing his price, thereby accounting for the kink in his demand curve.
What would happen to the short-run equilibrium price and quantity of magnesium if a major (economically large) magnesium mine had to close due to environmental regulation? Assume the supply is elastic and demand is inelastic.
Calculate the profit-maximizing price/output combination for oil and gas under current conditions.
Normal 0 false false false EN-US X-NONE X-NONE Distinguish between total and..
What is the equilibrium wage and employment if the labor market is competitive?
If the federal government were to run a budget deficit, this would:
The time between arrivals in an airport is exponentially distributed with a mean of 25 minutes.
Does this production function display increasing, constant or decreasing returns to scale and find the corresponding minimum cost function assuming that w 1 and w 2 are given.
Markovich Corporation is considering building a new plant. It will cost $1 million today to build it and it will generate revenues of $1.121 million three years from today. Of the interest rates below, which is the highest interest rate at which Mark..
what are the capital (k) and labor (L) elasticities of production? What do these elasticities tell you? Log Q=-1.5+.52log k+.65log L
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