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1. Why can feedback effects make a general equilibrium analysis substantially different from a partial equilibrium analysis?
2. In the Edgeworth box diagram, explain how one point can simultaneously represent the market baskets owned by two consumers.
After Henry ford invented the assembly line for producing automobiles, other automobile companies copied his invention. The new technology rise the economies of scale in automobile producing.
Graph and describe what effects would be short run production function if a new advanced process was found and how would the number of employees hired change?
second-degree price discrimination is also known asblock rate setting.captures all consumer surplus.sets a different
use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and
there are leaders in every field of study and business around the world. select a business leader you admire. use the
A manufacturer produces six products from six inputs. Each product requires different combinations and amounts of inputs. The following table shows the profit and raw materials requirements for each product. The last column shows the total amounts..
The crucial factor in the Classical Growth Model is the:
Why is the supply curve drawn as a vertical straight line
the firm currently uses 50000 workers to produce 200000 units of output per day. the daily wage per worker is 80 and
proper health and nutrition is of critical importance to the growth and development of young children yet many american
Use demand and supply analysis to illustrate the changes in chicken prices described in the article. Describe what has happened in the corn and soybean-meal markets and how that has influenced the chicken market.
suppose you have 500 in savings when the price level index is at 100. a if inflation pushes the price level up by 10
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