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Given the high levels of unemployment, many workers aren't getting wage raises very easily. Will the change in productivity likely increase or reduce prices in the economy?
Short-Run Economic Costs Suppose a firm has a short-run cost equation of C(q) = 0.1q3 - 3q2 + 60q + 1000, and short-run marginal cost equation of MC(q) = .3q2 - 6q + 60, if the firm produces 25 units of output: Use the MC(q) equation to solve for t..
It is possible for U.S. federalbudget deficits to crowd out investment spending in othercountries? How could German or British investment be hurt by largeU.S. budget deficits?
What are the highest and lowest payments from the writer that the beekeeper=farmer team will accept for the sixth day Assuming that the farmer can dispose of $7 of the writer as she wishes, what range of payments will the beekeeper accept
Elucidate how education, research and development, and technology affect productivity.
Later Henry ford invented the assembly line for manufacturing automobiles, other automobile firms copied his invention.
During the Kennedy administration and Reagan administration Congress decreased tax rates on individuals. Determine the effect of these rate reductions on revenue flow into federal treasury?
The cost function at a car manufacturing firm estimated as TC = 250 + 150Q - 2.5Q^2 + 0.5^3. Derive the MC and AC functions; What are TC amd AC at an output of 123 units? What is the value when AC is at a minimum?
These actions have caused violent protests. Should the U.S. follow their example? What would be the consequences of just printing more money to pay the debts of the government?
Elucidate whether the following statements are true, false, or uncertain. Utilize specific models to support your answer where possible. .
Describe the output and price effects that influence the profit-maximizing decision faced by a firm in an oligopoly market. How does this differ from output and price effects in a monopoly market?
What is the equilibrium price of a box. Is this the long-run equilibrium price. Expalin how many firms are in this industry when it is in long-run equilibrium.
Distinguish between explicit and implicit costs, giving examples of each. What are some explicit and implicit costs of attending college?2. Distinguish between accounting profit, economic profit, and normal profit. Does accounting profit or econ..
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