Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 14
Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 14
... Chapter 14: Markets for Factor Inputs
232
CHAPTER 14
MARKETS FOR FACTOR INPUTS
REVIEW QUESTIONS
1. Why is a firm’s demand ... individual
to work longer hours: the substitution effect. Because the two effects work in
Chapter 14: Markets for Factor Inputs
233
opposite directions, the shape of an individual’s labor supply ... paid.
This results in a perfectly inelastic supply c...
Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 13
... prices, we find:
P
A
= 20 - 6 = $14 and
P
B
= 20 - 9 = $11.
To determine the profits for each technology, subtract total cost from total revenue:
π
A
= (14) (6) - (10 + (8)(6)) = $26 and
π
B
... market
power?
From 10.a we know that, under monopoly, Q = 6 and profit is 26. Consumer surplus is
(0.5)(20 - 14) (6) = $18.
Social welfare is the sum of consumer surplus plus profits, or
18 + 2...
Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 3 pdf
... computers. The CPI will overstate
the rise in the cost of living for this type of individual.
14. Explain why the Paasche index will generally understate the ideal cost-of-living index.
The
