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Washington ECON 301 – The Medium-run Equilibrium

Submitted by • January 17, 2019

Question The medium-run equilibrium is characterized by four conditions: output id equal to potential output Y=Yne The unemployment rate is qual to the natural rate u=une The real policy interest rate is equal to the natural rate of interest rn where aggregate demand equals ...

Mont Clair ECON 102 – Calculate The Price Elasticity

Submitted by • January 17, 2019

Question 1. Calculate the price elasticity coefficient of demand when the initial point on the demand curve is Q=10 units and P = 200 cents and the final point is Q=30 units and P=100 cents. 2. Do you get the same value ...

What Would Happen To Equilibrium Price If Supply

Submitted by • January 17, 2019

Question What would happen to equilibrium price if supply and demand....? demand decreases and supply is constant? supply decreases and demand is constant? supply increases and demand is constant? demand increases and supply is constant? demand decreases and supply decreases? would the price rise/fall or remain the ...

Dundee EC40009 – The Marginal Revenue A Seller Receives

Submitted by • January 17, 2019

Question In the chapter, we noted that the marginal revenue a seller receives can be expressed as MR = P + (?P/?Q) Å~ Q. a. Using this formula as a starting point, show that marginal revenue can be expressed as MR = P(1 + 1/ ...

A Paper Company Needs To Produce 2,000 Reams

Submitted by • January 17, 2019

Question A paper company needs to produce 2,000 reams of paper for its customers. The firm’s long-run production function and the marginal productivities of the inputs are: Q = 4K0.75L0.25 MPL= K0.75/L0.75 MPK= 3L0.25/K0.25 where Q is the number of reams produced, K ...

The Inflation Rate Has Averaged At 3% Per Year

Submitted by • January 17, 2019

Question The inflation rate has averaged at 3% per year from 2004 to 2007. A 10,000 cubic feet centrifugal blower was brought in Putnam county for $100,000 in 2004. White County, a neighbor, is considering buying a similar blower with a ...

How Does International Trade Affect The Prices

Submitted by • January 17, 2019

Question How does international trade affect the prices in the domestic market and decisions related to firms to compete in both domestic and international markets? Do you oppose trade restrictions? Who have been the winners and losers as a result of ...

Penn State ECON 351 – Assume A Closed Economy

Submitted by • January 17, 2019

Question Econ Help Situation 20-1 Assume a closed economy with no government. Suppose that autonomous consumption equals $400, planned investment equals $500, and the mpc equals 0.9. 1. Using the information in Situation 20-1, if aggregate output is equal to $10,000, then unplanned inventory investment equals 2. ...

ECO 310 Mid-Term Examination – We Are Coming To The Mid-point

Submitted by • January 17, 2019

Question This is your Mid-Term Examination. We are coming to the mid-point of this course. Already? Yep. During our time together, we have learned about seven important core principles of macro-economics: scarcity, cost-benefit analysis, incentives matter, comparative advantage, increasing opportunity cost, equilibrium and ...

Glendale ECON 101 -How Does The Minimum Wage Increase

Submitted by • January 17, 2019

Question 1)Please read the article and give short answers... Please read the article: http://www.usatoday.com/story/money/2016/03/28/california-raises-minimum-wage-15-hour/82348622/ 1) How does the minimum wage increase in California to $15.00 by 2022 affect laborers and businesses? 2) Is there a better way to compromise on a minimum wage? What ...

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