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Factories for producing computer chips are called "fabs." As the semiconductors used in computer chips have become smaller and smaller, the machines necessary to make them have become more and more expensive. According to an article in the Economist magazine: To reach the economies of scale needed to make such investments pay, chipmakers must build bigger fabs .... In 1966 a new fab cost $14 million. By 1995 the price had risen to $1.5 billion. Today, says Intel, the cost of a leading-edge fab exceeds $6 billion. Why would the rising costs of chipmaking machines lead chipmaking companies, such as Intel, to build larger factories?
The League of Big States (LBS) has in?ation expectations of 5% and an estimated natural rate of unemployment of 5%. A 2% rise (fall) in unemployment leads to a 1% fall (increase) in in?ation. What is in?ation when unemployment equals 5%?
Suppose that John Smith gets promoted to a job that causes two changes to occur simultaneously: (i) John earns a higher wage, and (ii) a safer environment causes his health to depriciate less rapidly. How would these two changes together affect John'..
The accompanying data on milk volume (in grams per day) were taken from the paper "Smoking During Pregnancy and Lactation and Its Effects on Breast Milk Volume" (American Journal of Clinical Nutrition [1991]: 1011-1016): Calculate the values of th..
What were the opportunity costs of investments in the GMB project? What projects would you recommend for other cities/regions facing problems of industrial decline?
Assuming that this economy's market for widgets is closed to international trade, what is the equilibrium price and quantity of widgets
Will price be higher or lower under such an agreement in long-run equilibrium than would be the case if firms didn't collude. Even in firms in a monopolistically competitive market collude successfully.
want someone to help me write abour the essay which topic is profile two completely different people but see how their
What’s the role of price in allocating the resources? Give logical examples for explanation. Draw graphs where necessary.
prepare a fifteen to twenty 15 to 20 slide microsoftreg powerpointreg presentation with detailed scholarly speaker
Happiness can be produced with wine and roses according to Q = W1/2R1/4, where W is bottles of wine and R is bouquets of roses obtained per month. If wine costs $20 per bottle and roses cost $60 per dozen, the happiness-maximizing combination of wine..
he Safari Company is currently the only company in the area that produces a line of lightweight hiking boots. Safari's advisors estimate that the demand for their boots is given by: Q = 42 -0.4 P Where P is the average price of a boot and Q is the q..
Each of the following is an expansionary fiscal policy EXCEPT: Suppose the MPC = 0.8 and the government cuts taxes by $40 billion. Which of the following will be the likely effect? The multiplier effect of increases in government transfers (or cuttin..
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