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You are the manager of a firm that receives revenues of $50,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -3, and the cross-price elasticity of demand between product Y and X is 1.8.
what measures should be taken to raise the productivity of the workers?
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Employment Full employment of human and non-human resources or at least minimization of unemployment is an accepted goal of macroeconomic policy. Also the best way to alleviat
You operate your own small building company and have decided to bid on a government contract to build a pedestrian walkway in a national park during the coming winter. The walkway
Assume that the economy is characterized by the following structural equations: C = 160 + 0.6 (4 - T) I = 150; G = 150; T = 100. a) Determine the equilibrium output level
Q1. The poorest countries in the world have a per capita income of about $600 today. We can reasonably assume that it is nearly impossible to live on an income below half this leve
# ???? .. difference between gdp at market price and nnp at factor cost
when the income velocity of circulation (V) rises, why does the economy''s total output must rise?
Explain how inflation unemployment trade off is not feasible under adaptive expectations?
does central bank determine money supply in the economy
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