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suppose the economy is in long-run equilibrium in a short span of time there is a sharp increase in the supply of labor
suppose the economy is in long-run equilibrium if there is an increase in the supply of labor as well as an increase in
answer the following questions about opportunity costsa define opportunity costsb if you receive a free ticket to an
the annual demand curve for the perfectly competitive milk market is p 9 - 001 q this market is in long run
which of the following statements best describes the concept of producer surplusldquoa store at a local shopping mall
bank reserves are currency and customer checking deposits currency customer checking and savings deposits any asset
consider a market where supply and demand are given by qxs -18 px and qxd 90 - 2px suppose the government imposes a
assessing macroeconomic performanceaccording to the business cycle dating committee of the national bureau of economic
the short-run elasticity of demand for unleaded gasoline in the united states is estimated to be ndash054 with this in
a identify the form of market efficiency violated in the following casesi through the introduction of a complex
if the demand for smart phones is price inelastica changes in price do not affect the number of smart phones demandedb
assume our typical cobb-douglas production function in per capita termsyak13also assume capital accumulates such that
describe how the economics principles of opportunity cost factors of production scarcity and production possibilities
the owner of a baseball team and local stadium has commissioned a study that showed the demand by fans for stadium
1 what are some tactics that administrators can implement to ensure that quality care will be provided even with a
the federal reserve cut interest rates dramatically in 2008 in response to the worsening credit crisis many emerging
suppose at current factor prices a countryrsquos manufactures use 60 hours of labor for each acre of land and food is
1 an analysis approach that considers the relationship of a proposed policy to social objectives is called 1
1 the home country has a very elastic flat export supply curve 2 the home country has a inelastic steep export supply
a company is considering the purchase of a new piece of equipment the new equipment is expected to reduce manufacturing
suppose you are a manager of a firm you estimate equations for the firm as followfixed cost 600000 marginal cost
a the federal reserve kept interest rates too low for too long after the recession of 2001 this is what fuelled the
1 which group has the ability to influence business behaviora consumersb community activistsc workersd all of the
in order to maximize profits athe derivative of total revenue with respect to quantity must be less than the derivative
consider an unemployment insurance program which is designed as followsif a person works he or she should contribute