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Why do most economists oppose attempts to control prices? Why does the government attempt to control prices anyway in a number of markets?
A. Depict the situation of this two countries using solow diagrams and state clearly what the likely differences of growth rate are? Discuss both the savings rate and growth rates. The diagram must depict this differences. B. What is the ratio of ..
Research monetary and fiscal rules that have affected a particular chosen industry and determine two sources to help you answer following questions about the industry you select.
Utilize these determinants in judging either demand for every of the following products is elastic or inelastic.
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?
A certain machine expenses $25,000 to purchase and install. It has salvage values and operating costs as demonstrate in the table in the attached file. The salvage value of $20,000 listed at time 0 reflects the loss of installation costs at the time..
Find the optimal level of inputs L* and K* that minimize the cost of producing Q0. What is the cost of production associated to L* and K*?
Households make four kinds of economic decisions. Assume you have two households with the same income. Household A has one income earner and Household B has two income earners.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
This is in conflict with the world wide trend of globalization?
Suppose as well, that all voters favoring liberal candidates will vote, while only 50% of those favoring conservative candidates will vote. Create a graph to show how the political equilibrium will differ from an election in which all citizens vot..
Why might the benefits of monopolistic competition outweigh the inefficiencies? Monopolistic competition has higher deadweight loss than monopoly? In monopolistic competition, firms do not produce at their minimum average cost?
What is value added in every sector also what is total output for the economy.
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