Question: A law is passed that requires every firm in a perfectly competitive industry to give six months' notice before it closes. What effect, if any, will this law have in the short run? In the long run? The response ...
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Question: Econommic question, please help 1. Describe the evolution of the concept of international development and discuss the critiques against 'development'--or specifically modernization theory--from a dependency per ...
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Question: The supply and demand functions for natural gas from 1950 to 2007 are followings. Qs= 0,02 + 0,7Pg + 0,045Po + 0,06I Qd= 148,82 -1,8 Pg + 0,069Po + 0,05I Where Pg is the price of natural gas, Po is the price of ...
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Question: Describe the Learned Hand Rule, and discuss the economic logic underlying it. Do you believe the objective is being achieved? The response must be typed, single spaced, must be in times new roman font (size 12) ...
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Question: Unemployment rate is expected to drops to 4.4 percent. Using Aggregate Demand/Aggregate Supply (AD/AS) model show the impact on real output and price level when there is: A. Drop in unemployment rate B. Higher ...
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Question: Supply and Demand, A Process of Coordination It seems like the economy was not working very well in NY and NJ after Sandy. On the other hand, it would be hard to imagine that any economy would be unfazed by a S ...
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Question: a. Assuming a competitive labor market, use a labor supply and demand diagram to illustrate what will happen to wages and employment if the demand for the product being produced decreases. b. Assuming a monopso ...
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Question: The association between excess weight and higher absences, medical fees, and benefit costs is clear. What is the meaning of this relationship regarding weight discrimination for the many individuals who are ove ...
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Question: the following variant of the Let's Make a Deal game. Again one of the three boxes contains a prize, but now there are two players, 1 and 2. Assume Player 1 picks Box A and Player 2 picks Box B. The host (who ag ...
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Question: The demand for boobles can be written as: Q = 11,000 - 8P. Calculate the price, quantity, total revenue and marginal revenue when the elasticity of demand = -2.2. Calculate the price, quantity, total revenue an ...
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