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What will be the competitive equilibrium wage rate and the level of employment? What will be the wage rate and the level of employment under monopsonistic conditions?
What's the equilibrium price and quantity in the free market equilibriu? What's the best tax to impose on the power plant, why? What's the equilibrium price and quantity in the optimal tax equilibrium
Which one of the following is not a shortcoming of the aggregate expenditures model? 199. A shortcoming of the aggregate expenditures model is that it does not:
Suppose that the reserve ratio is 10% when the Fed sells $66,700 of U.S. Treasury bills to the banking system. If the banking system does NOT want to hold any excess reserves, _______ will be ______
. What is the maximum net national loss that this could cause Canada? What is the minimum national loss if Canada is a small country that can not affect the world price?
Does the difference in the relative black-white wage ratios across regions indicate that Southern employers discriminated more than Northern employers?
Why might programmers living in the United States still be opposed to outsourcing? Think about the supply and demand for programmers in the United States. How might outsourcing affect wages?
What impact is the import quota reduction likely to have on the price of rubber and the quantity of rubber exchanged in China? What implications will the elimination of the quota on rubber have on C
What is the firm's Total Revenue? What is the Total Cost? What is the firm's Total Profits?
A firm has fixed cost of 2,000.Its short-run production function is y+4X and one-half, where x is the amount of variable factor it uses. The price of the variable factor is $3,000 per unit. Where y
What is the basic objective of monetary policy? What are the major strengths of the monetary policy? Why is monetary policy easier to conduct than fiscal policy in a highly divided national politic
What rule should Leadbelly follow to hire the profit-maximizing amount of labor? Draw a diagram of the labor market for pencil workers next to a diagram of the labor supply and demand for Leadbelly Co
A president who claims to possess a mandate from the American electorate could arguably
Which strategy do you believe would be more effective in the short term for accomplishing these goals? Which strategy do you believe would be more effective in the long term?
Assume that the gross national debt initially is equal to $3 trillion and the federal government then runs a deficit of $300 billion. What is the new level of gross national debt?
AC after the 30% increase in fixed costs is $9.30. Now, do you agree with speaker to increase the price of the company's product to more than $9? Explain.
Suppose the price of apples goes up from $22 to $25 a box. In direct response, Goldsboro Farms supplies 1500 boxes of apples instead of 1000 boxes. Compute the coefficient of price elasticity (midp
If the rival does not enter, the firm will earn $15,000 if it introduces the new product, and revamping the production facilities will earn new profits of $60,000. What should the manager do? Why?
How do the concepts of accounting profit and economic profit differ? Why is economic profit smaller than accounting profit? What are the three basic sources of economic profit?
Define economic rent. In the graph below, assume that the market demand curve for labor is initially D1. What are the equilibrium wage rate and level of employment? What is the amount of economic rent
Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor. Show this situation graphically.
Show why only the convexity of preference relation cannot guarantee that the indifference curve is strictly convex to the origin?
Describe in your own words the profit-maximization point(use ASMs, RPMs, total revenue, and total cost in your answer).
How does monetary policy work to close an inflationary and recessionary gap using the keynesians model and what is the link? expalin an show raphically using the money supply-money demand graph, the