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The World of Videos operates a retail store that rents movie videos. For each of the last 10 years, World of Videos has consistently earned profits...
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"Whether to attend a local college or an out-of-town college as a rational self-interest
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While some of you may not choose to enter economics as a profession, hopefully you have gained some understanding of economic issues from the course....
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Demand for light bulbs can be characterized by Q = 100 P , where Q is in millions of boxes of l ights sold and P is the price per box. There are two...
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Which of the following conditions is necessary for profit maximization in the long run for a monopolistic competition?
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Monopolists will set prices: on the demand curve, directly vertical to where the marginal revenue and marginal cost curves intersect.
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t is the difference between movements along IS and LM curves and shifts of the entire curves? What motivates those shifts? Any example from real life?...
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Home and Foreign are now open to trade. Choose a possible relative world equilibrium price of cars after trade (PC/PS).
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(25 pts) Suppose there are 100 workers in the economy in which all workers must choose to work a risky or a safe job.
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During the 1980s, 1990s, and the first decade of the 20th century, the United States experienced a significant inflow of capital from abroad.
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In a half a page, explain why the Tea Party argument as to shrinking the government will generate economic growth.
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Which of the following receives government subsidies that are in place to protect the population rather than for economic reasons?
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PS Game Theory_DunnCharles [Compatibility Mode] Q v Search in Document Home Insert Design Layout References Mailings Review View 60 Times New Ro. 10...
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Use the terms "rising", "falling", or "staying the same" (but without the quotation marks) when filling in the following blanks.
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Explain in terms of supply and demand of life insurance why the price rises as people get older even though the demand for life insurance goes down
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Problem 2. A farmer has a given amount of land, denoted by lmax and can allocate it between two crops where li i=1,2, is the amount of land allocated...
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What would be the effect on the demand for money (M1) of each of the following (with other things held equal)?
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The accountants hired by Ohman Shoe Company have calculated fixed costs to equal $30,000, variable cost to equal $100,000, and total revenue to equal...
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Assume that two companies (A and B) are duopolists who produce identical products. Demand for the products is given by the following linear demand...
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Assume Q = 10KL. K = 2, w = 8, r = 4.
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Provide an explanation of GDP, unemployment, and inflation as measures of economic activity. Discuss the 3 measures.
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25) In the long run a pure monopolist will maximize profits by producing that output at which marginal cost is equal to: average variable cost....
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12-4 In some ways monitoring is easier in a partnership than a corporation, where shareholders monitor directors. In what ways is monitoring easier?
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In concumption equation C -c0 c1Yd, we assume that c1 is a) larger than 1 b) different at different levels of income c) between zero and one d)
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Consider a monopolist with marginal cost equal to $5 selling to two market segments with inverse demands given by pH=20-qH and pL=15-qL . There are...
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A six-cylinder, 4-stroke gasoline engine is run at a speed of 2520 RPM. The area of the indicator card of one cylinder is 2.45 10 3 mm 2 and its...
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Almost a third of the total national debt is held by other U. government agencies.
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A supermarket sells 800 bottles of refreshments weekly for $1 (normal price). From time to time the shop sells the refreshments at a discount price...
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Assume Yn = 11,600, t=0.2, and G = 2,610. Explain why there is a natural employment deficit.
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Price (Pg): $10100 (tuition) Quantity: 27868 (enrollment) = -0.5 for price elasticity of demand = 2.0 for price elasticity of supply if we increase
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A decrease in the money supply causes:a long-run decrease in the level of output.both a long-run and short-run decrease in the level of output.a...
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1 WA ECOlODOA part I , sem 2 20l7.pdl , Adobe Aclolnt Reader DC 7 X le Edit Wow Window Help Home Tools WA ECO10004 part". x Sign In [31613980. @ 3/7
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"Comment on the following assertion:
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Explain the problems that asymmetric information can introduce to building a successful contract between two people.
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Question 4: (10 points) Consider identical firms competing in a Cournot oligopoly, with cost functions: C(q) = 10q, and corresponding marginal costs...
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The City Zoo is losing money.
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The payoffs to each firm (in billions) are listed on the following diagram and an extensive form game between BP and Shell. BP has 20% of the U....
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Sally sharpens knives in her spare time for extra income. Buyers of her service are willing to pay $2.50 per knife for as many knives as Sally is...
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20 Consider the equation %DM + %DV %DP + %DY.
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1 Cyclical unemployment is A unemployment caused by time delays in matching available jobs and workers. B unemployment caused by changes in the...
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Tessa's break-even level of income is $10,000 and her MPC is 0. If her actual disposable income is $16,000, her level of: consumption spending will...
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A major state university in the South recently raised tuition by 12%.
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Go to the Bureau of Economic Analysis website, www.gov, and access the BEA interactively by selecting "National Accounts" and then "National Income...
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Zach took $200,000 out of the bank and used it to start his new cookie business. The bank account pays 3 percent interest per year.
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1. Compare and contrast direct finance and indirect finance. Which is more likely to have a larger share of the total financial market in a mature
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Palm Products Company has collected data on its average variable costs of production for the past 12 months. The costs have been adjusted for...
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The world has known various exchange rate regimes and many countries today go about exchange rate policies in differing ways.
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Suppose the own price elasticity of demand for good X is -5, its income elasticity is -3, its advertising elasticity is 3, and the cross-price...
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(Short Run Maximization) A monopolistically competitive firm faces the following demand and cost structure in the short run. complete the table.
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You are the adviser to Governor Christie. Propose a consumer good that he could tax (or continue to tax) in order to bring more tax revenue into the...
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