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Q. barbers who have turned farmers will drive down wage rate but will still be earning more than if y had remained barbers. In equilibrium wages in two occupations will be equal IF all or characteristics of jobs are equally desirable (a BIG assumption). G. Who benefits from technological progress in farming Farmers or barbers?
As weekend prices skyrocket more people will play golf during the week and eventually the weekend prices will drop and weekday prices. Differentiate among weekday and weekend prices.
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
Adjust the benefit or cost curve or both to illustrate the private also social benefits also costs in the market for electricity.
A firm has developed a new product for which it has a registered trademark.
Illustrate the effect of increasing Government spending on all the macro-economic variables assuming a horizontal AS curve.
If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have initially, the balance sheet of the following balance sheet.
What effect did the tax have on LeAnn's output level. How LeAnn's did profits change.
Converse Elucidate how you might go about evaluating the rate of return for the new equipment.
Do not try to explain people's tastes, but they do try to explain what happens when tastes change.
Presently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.
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