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Suppose total benefits and total costs are given by B(Y) = 100Y - 8Y2 and C(Y) = 10Y2. What level of Y will yield the maximum net benefits?
Excess capacity is a problem in monopolistic competition because if there were fewer firms in the industry: The model of monopolistic competition characterizes a city's market for plumbing services. Suppose that the market is initially in long-run eq..
You are a student affairs administrator within the Office of Diversity at Bobsled University in the Southern region of the United States. The total population of the university is 25,000. It is a research 1 university with an emphasis on faculty p..
q.in 2012 balnur taught music and earned 20000. she also earned 4000 by renting out her basement. on january 1 2013 she
Comprehension and understanding - Critical thinking and analysis and understanding of the Law of Torts
What about any relevant new stories you have noticed on television?
Janet Elliot just turned 20 and received a gift of $20,000 from her rich uncle. Janet plans ahead and would like to retire on her 55th birthday. She thinks she'll need about 1$million saved by that time in order maintain her modest lifestyle. assume ..
Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists have reached a modern consensus on several important issues.
I am trying to aggregate demand functions. If the two functions are Q1=150-10P and the second function is Q2=150-5P, what would the aggregate function be?
Suppose for every dollar change in household wealth, consumption expenditures change by $0.05. If real household wealth declines by $45 billion, potential GDP is $120 billion, and the multiplier effect for the first year after an expenditure shock is..
The owner of a baseball team and local stadium has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 -0.2Q, where P is the average price of a ticket and Q represents the number of seats (expressed i..
Two economists agree that labor market discrimination against certain workers unfairly leads to lower wages for the disfavored group. Economist X argues that government intervention is most likely necessary to eliminate this unfair treatment, Economi..
What components of aggregate demand were affected and what was the impact on real output? What were the policy options?
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