For the long-run supply curve why can price level increase or decrease while GDP stays the same?

Maybe because the employment rate is at the maximum amount because of the demand curve so supply or demand can adjust depending on the amoubt of workers there are? (Just my guess for the answer)

Consider a country’s domestic market with demand and supply functions: Supply function: ? = 40? − 40 Demand function: ? = 200 − 20?

As the country joins the international trade, the world price for the good is given as $2. a. Is this country exporting or importing? If so, what is the size of export or import?

Now, the government decides to impose $1 tariff to protect its industry. b. Find the size of tariff revenue. Draw a graph before/after the tariff, and clearly mark regions for deadweight loss.

c. Who (among sellers and buyers) benefits from the tariff? Why?

Using the concepts of high power distance, intuitive decision-making, sheikocracy, persistence of social criteria, in the reading materials and relying on the leadership style of an organization of your choice (your employer or your own perhaps), write up an analysis on how leadership may be developed and adapted in your organization? Illustrate your arguments with concrete examples

anheuser-busch, inc vs schmoke citation, facts, issue, decision, reason for a case brief

Gladys (who is careful with her money) is going to give her daughter, Beatrice, money for her birthday, and wants to minimise the amount she gives subject to Beatrice being able to attain a specified, fixed level of utility, uo. Beatrice’s utility function (which is known to Gladys) has indifference curves with the usual properties and she consumes two goods, x and y with pricespx, py respectively; Beatrice’s income consists entirely of Gladys’ cash gift to her, all of which she will spend on x and y.

(a) Use a diagram to illustrate Beatrice’s optimal choice. Explain carefully the nature of at Gladys’ choice problem in terms of this diagram?

(b) What will happen to the amount of x Beatrice consumes, and the amount of money Gladys will give her, if px rises? Answer by careful reference to a diagram only. Explain, briefly why you can be sure of the directions of these two effects of the rise in px by reference only to the diagram.

Q9. Suppose that John spends $320 on good X and good Y; his utility function is given by U(X, Y) = 20 XY and that the price of X is $4 per unit while the price of Y is $8 per unit. (a) Solve for John’s optimal purchases of X and Y. (b) By how much would John’s utility change if his allowance were reduced by $1.50? (c) Redo part (a) if the price of Y is reduced, through a price subsidy, to $4. (d) Use your answers from (a) and (c) to calculate the price elasticity of demand for Y and the cross-price elasticity of demand for X with respect to the price of Y. (e) What is the cost of this subsidy to the government? (f) How much of a cash subsidy John would have to be offered instead of the price subsidy to be as happy as in part (c). Can you explain the difference in the cost of the two subsidies?

David sells apples. The price of apples rise and the total revenue from selling apples increases. A. All of the other answers are incorrect B. It can be concluded that the demand for the product is elastic. C. It can be concluded that the supply of the product is elastic. D. It can be concluded that the demand for the product is inelastic. E. It can be concluded that the supply of the product is inelastic.

Discuss some of the economic costs associated with the piracy and counterfeiting of intellectual property rights. Explore the basic issue in light of the following types of legal systems:common law,civil law and theocratic law. Is any one system better than the others for effectively dealing with the problem? why or why not? After reading your essay , the reader should better understand the legal issues facing international companies.

Discuss some of the economic costs associated with the piracy and counterfeiting of intellectual property rights. Explore the basic issue in light of the following types of legal systems:common law,civil law and theocratic law. Is any one system better than the others for effectively dealing with the problem? why or why not? After reading your essay , the reader should better understand the legal issues facing international companies.

1. Suppose you and your partner typically vote oppositely in elections so that their your votes “cancel each other out.” Each one of you gains 2 units of happiness from a vote for your positions (and lose two units of happiness from a vote against their positions). However, the cost of voting for each one of you is 1 unit of happiness. Using a diagram (2X2 table) to represent a game in which you two choose whether to vote or not to vote.

2. You and your partner agreed not to vote in the coming presidential elections. Would such an agreement improve happiness? Explain your answer using the diagram from question 1. Would such an agreement be an equilibrium (Nash Equilibrium)? Explain your answer.

Which of the following is correct?   A. When marginal product is falling, total product must be falling.    B. All of the other answers are incorrect    C. When marginal product is falling, total product must also be falling.    D. Marginal product rises faster than total product and also falls faster than marginal cost.    E. When total product is rising, both average product and marginal cost must also be rising.

I need a research paper outline on unemployment in the US

Thanks!

Describe an agency problem within the insurance firm and discuss what you think is causing the problem and how the problem might be better controlled.