Ethio Econ
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Ethio Econ is a network for undergraduate economics students in Ethiopia who are preparing for the upcoming national exit exam. Find resources from out botš @Ethioeconomicsbot Discussion group https://t.me/ethio_econ_group
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In the absence of trade, Canada's equilibrium price and quantity equal
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The table shows the supply and demand conditions of Canada, a small country in the world pocket calculator market. Answer the next 3 questions on the basis of the information by first plotting this data on a sheet of graph paper.
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The change in prices that a consumer would have to pay for a fixed set of goods as a percentage of the same goods in a base year is called the
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If an independent variable in a multiple linear regression model is an exact linear combination of other independent variables, the model suffers from the problem of
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Again, consider the graph above. Suppose the wage rate is $600 per week, and price of the output is $10 per unit. If the firm is producingĀ 1,000 units of output per week optimally, its weekly profit is:
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If the firm described above wants to produce 2500Ā units of output per week it should choose the combination of capital and labor represented by point:
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The graph above gives some isocost and isoquants for a perfectly competitive firm. L indicates some specific amount of labor and 2L means twice that amount. Just as K indicates to some level of capital and 2K twice as much.
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The graph to the above gives some isocost and isoquants for a perfectly competitive firm. L indicates some specific amount of labor and 2L means twice that amount. Just as K indicates to some level of capital and 2K twice as much.
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If the price demand equation is given by p=D(x)=20-0.05x, find the consumers' surplus at a market price of birr 8.
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If the price demand equation is given by P=D(x)=20-0.05x, What is the consumers' surplus at a market price of birr 8.
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A 300 birr price tag on a shirt in a clothes store window is an example of money functioning as a
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A period of rapid population growth between a preindustrial stable population characterized by high birth and death rates and a later modern stable population marked by low fertility and mortality is known as:
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Which statement correctly describes the difference between short-run aggregate supply (SRAS) and long-run aggregate supply (LRAS)?
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The necessary condition for identification of an equation is called the
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Alex produces 100 glasses of lemonade with average total cost of 50 cents per glass and average variable cost of 40 cents per glass. What is Alex's total fixed cost?
