“Imperfect data can be because of obliviousness or instability’? What does this mean and can you provide an example of this in healthcare? Imperfect data in many instances result from instability and obliviousness. This statement meansthat healthcare often faces unreliable and untimely data, inaccurate and data which can be used for…
Suppose that an economy has the following relationship between output and inflation: (SEE IMAGE FOR FORMULAS) Y = Y¯ +α(À−EÀ) and that Okun’s Law, relating output and unemployment by Y − Y¯ = −2(u−u¯), holds. (a) Derive the Phillips Curve for this economy. (That is, find the relationship between unemployment and inflation) (b) Suppose the government observes that unemployment is very high and wants to […]
Then consider the multiple steps (markets) involved in producing and distributing the loaves of bread that you find in your local supermarket. Explain to the Russian official how the free market accomplishes this rather impressive task. You can use multiple posts and discuss and illustrate each step of the supply chain. Or you may focus on the consumer-retailer-baker part of the supply chain. Either way […]
a. Joan, who has been a university student for a year, has just started a new job. She realises that if she works more hours there will be an impact on her grades. The following is Joan’s production possibility table for work and her average grades: iii. If the opportunity cost of Joan increasing her grade was constant regardless of how many hours she worked, […]
In New Crankshaft, Pennsylvania, there are 200 used cars for sale; 50% of these cars are good and 50% of them are lemons. Owners of lemons are willing to sell them for $500. Owners of good used cars are willing to sell them for prices above $1,500 but will keep them if the price is lower than $1,500. There is a large number of potential […]
The LM curve is steeper the ______ the interest sensitivity of money demand and the ______ the effect of income on money demand. A) greater; greater B) greater; smaller C) smaller; smaller D) smaller; greater
What is the intraindustry trade share (IIT) for each product? Do similar products necessarily have similar IIT shares in the same country? Here are data on Japanese exports and imports for 2012: Japanese Exports ($ millions) Japanese Imports ($ millions) Perfumes (55310) 3 234 Cosmetics (55320) 1291 1183 Books and brochures (89219) 96…
4) What is (if any) the relationship between marginal cost and average cost ? What happens in the “long-run†regarding production and cost ? In your analysis, describe such concepts as: economies of scale; minimum efficient scale and diseconomies of scale. How do indivisible inputs affect production costs? Relationship between marginal cost and average costThe average total cost is the total costs divided by the […]
a) In Tommynation the current unemployment rate is recorded as 5.2%. Further, the number of people in the labour force is known to be 269,475. Use this information to find the following. i. Calculate the number of people unemployed. The working age population is 365,547. Calculate the labour force participation rate.
171819171819 17. The graph below (Figure1) called the 450 line diagram which is used to illustratemacroeconomic equilibrium. Briefly describe the features of the 450 line and the themacroeconomic condition characterizing the economy at points A, B, C and D. Assume Pepsiis the only good produced in the hypothetical economy that the diagram represents.Figure 118. Briefly discuss the changes shown in Figure 2. List one factor […]
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more