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Joan buys gasoline and food. When the price of gasoline is $1.00 per gallon, she buys 50 gallons per week and spends $50 on food per week.
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Why would an incumbent firm structural barriers to entry over strategic barriers?
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Suppose that you were an industry analyst trying to determine whether the leading firms in the airline industry are playing a tit-for-tat pricing...
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1.What determines a household's consumption possibilities? 2.How would you answer someone who says that marginal utility theory is useless because
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In each of the following games: identify whether the game is sequential or simultaneous and why [1.
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What are some controversies surrounding the development of the government's role in providing, financing, and regulating health insurance and health...
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Reply to the following prompts by using the company for which you currently work, a business with which you're familiar, or the dream business you...
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Assume you are interested in the average income of aboriginals 18 years and up in Canada. Let income represent the wage of an aboriginal person 18...
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You know what your competitor"s cost function is, and it knows yours. Your products, although different to experts, are indistinguishable to the...
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"The rapidly growing East Asian economics used very different combinations of policies, from hands-off to highly interventionist. Thus there is no...
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Gulf Rentier States? Explain how a "Triple Alliance" of the society's more dominant forces retard democratic reforms and progress in oil rich states?...
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An advantage of stabilizing macroeconomic policy over economic self-correction is that: stabilization policies achieve potential output with a lower...
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5) Consider two antipoverty programs, AFDC and EITC, and there affects on labor supply. a) Assume AFDC gives a weekly payment of nonlabor income...
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Problem 12 Kate has 24 MMs and Antonio has 12 Milk Duds. Suppose Kate's MRS for Milk Duds with MMs is 4 regardless of what she consumes, and that...
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This market has a supply curve that is given by: Qs = 100+ 10P.There are two types of consumers in this market, adults and children.
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Suppose that the Supply and Demand for Cherries can be described as: P = 8 - 0.004 Qd and P = 2 + 0.002 Qs a.
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answer the following questions Should behavioral economics play a much more important role in a principles of economics course? who's right? and why?...
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onary and contractionary fiscal policies? What are their policy instruments? How are they used to deal with the inflationary gap and recessionary gap?...
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A machine costs $5,240 and produces benefits of $1,000 at the end of each year for 8 years. assume an annual interest rate of 10%. a) What is the
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"External Costs: Use the data in the table to answer the following questions:
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10 . Define net exports . Explain how U.S . exports and imports each affect domestic production . How are ne exports determined ? Explain how net
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Question 13 5 pts Which is a good example of consumer surplus?
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The natonal debt must eventually be paid off to?
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the ballooing of U.S. foreign debt to 500 billion dollars by 1988 implied that?
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you are planning a 2000-km trip. except for the matter of cost, you are completely indifferent between driving and taking the bus.
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Derive the LM curve and explain what market your derivation brings to equilibrium and how it accomplishes this.
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In 1980 when Polish people had to stand in long lines to get goods, the government ruled that every third place in line be reserved to pregnant women....
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In 2005, Bob's Burgers charged $1.50 for a quarter-pound hamburger with all the fixin's, and sold 7,500 of them. In 2006, although Bob raised the...
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Assume the production technology of a producer is described by the production function F(K,L) = min{3K, L} a) Assume the price of the inputs are Wk =...
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Assume the annual profit from a credit card customer is year 1 $125, year 2 $125, year 3 $150, year 4 $150, year 5 $150, year 6 $200, year 7 $200.
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Australian Economic History Review, Vol. 37, No. 3 ISSN 0004-8992 November 1997 Surveys in the Economic History of Australia CAPITAL MARKETS AND...
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Assume Qd = 2700 when P = 11. And Qd = 2100 when P = 13. Calculate the price elasticity of demand?
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Herbert spends all $640 of his paycheck on food (F) and shelter (S); each good costs $8 per unit. Herb's preferences satisfy all of the usual...
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Question 1a) Identify a potential research topic of your interest. Provide an overview of empirical and/or theoretical issues related to it. You are...
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I need help knowing how to connect the Supply Demand shift statements with the circular flow chart, and the PPF graph. The 1st attachment will
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The owner of a uranium mine hires you as an economist and asks you to determine the optimal number of uranium ore which should be extracted from the
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(5 points) This question studies the representative consumer's trade off between current and future leisure (or current and future labour supplied)....
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sic market models? How can purely competitive firms use the total-revenue-total-cost approach to maximize profits or minimize losses in the short run?...
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assume gas is still $4 per gallon and I still make $2000 per month and consume 50 gallons of gas, but no diesel.
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The Reserve Bank of Australia would like to decrease the interest rates in the economy. What open market operation (OMO) action should the central
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A perfectly competitive firm has the following fixed and variable costs in the short run. The market price for the firm's product is $150.
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Assume you own a small natural gas well and live in a world with only two periods, the present (0) and next year (1).
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Use any 2 valuation technique to calculate the value of the following business Lauren Holcombe has wanted to open her own clothing store since she...
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What is social insurance ? describe the importance of social insurance ?
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Select a sample of oligopoly market structure in a commercial (use theYoutubesite) that can illustratethis phenomena.
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Suppose Bob has a utility function u(x,y) = LN(x) + (y/4) Suppose the price of x is px = $2, the price of y is py = $1, and Bob's income is m = $8.
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The concept of "near money" refer to a) Financial assets whose capital values are too unstable for them to be classified as money b) Assets that
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The ABC marketing consulting firm found that a particular brand of portable stereo has the following demand curve for a certain region....
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Problem 1 . ( 10 points . ) This problem is based on the Ricardian Model . Assume that countries , Gryffindor and Slytherin , use troll labor to...
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In a short essay, describe the four phases of globalization.
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