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1. How does the utility possibilities frontier relate to the contract curve?
2. In the Edgeworth production box diagram, what conditions must hold for an allocation to be on the production contract curve? Why is a competitive equi- librium on the contract curve?
Comparing the different models of pure competition and oligopoly, what will be the effects or difference between the two in relation to: Price, Output, Profits, Advertising, and Efficiency of scarce resources?
Assume also that her money holdings or the price level stay constant over time. write down the “life-time” budget constraint of this farmer,assuming that her planning horizon extends only two periods into the future.
Which of the following is NOT an explanation for the revival in the growth of productivity starting in the mid 1990s? A)Cell phones and wireless Internet access increase worker flexibility. B)Internet use has increased the efficiency of how firms b..
how does the charging the monoply a specific tax per unit affect the monopoly optmum and 5the welfare of
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale. The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run ..
a firm has the following short-run production function where l labor and q outputq 10l - 0.5l2suppose that the
The assumption that half of all the oranges are used to produce orange juice and one-third of all the paper is used to produce magazines. Will this effect the calculation of nominal gdp?
Which, if any, of the following changes is likely to cause reported GDP (real and nominal) to increase when, in fact, total economic production is little changed?
macroeconomicsnbspquestion 1an economy is currently in equilibrium and the following figures refer to elements in its
why does inefficiency mean either incurring a higher expens to produce the same number of items or producing fewer items at the same level of expenses.
First, find GDP numbers for the U.S. China, India, and Turkey - Find the level of consumption spending in the U.S. economy
describe your final carbon footprint. classify where most of the carbon you generate comes from. considering all you
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