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"The growth of consumer information organizations, legal requirements, and warranty requirements has caused significant increases in the cost of...
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) Suppose Perry earns a wage of $18/hour, a $0/week endowment, and can set his own schedule.
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Answer the following questions using the aggregate expenditures model of the economy described below. C = 90 + .7Yd, T = 50 + .2Y, Ia = 36, Ga = 45,...
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Under perfect competition, where in the long run firms earn zero economic profit, do sellers have a preference of earning zero economic profit with
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Suppose there is a set of patients whose expected costs are uniformly distributed between $2000 and $7000and each of these patients is willing to pay...
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Which of the following is the underlying reason for the law of increasing opportunity cost?
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Identify and define three components of a country's balance of payments?
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Suppose the spot foreign exchange rate of the Canadian dollar is $US 1.53, while its 12-month forward rate is $US 1. One-year interest rates are 6%...
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Let's explore the business of Farmer Ted. The farmer has two fixed inputs that he owns:
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For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that
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The 1-year interest rates for the next five years are expected to be 4%, 3%, 6%, 5%, and 7%, respectively. The 3-year term premium is 1%. The 4-year...
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Describe the two basic strategies of unions in increasing wage rates for their members.
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If the Federal Reserve increases the money supply, then initially people want to sell bonds so the interest rate rises. sell bonds so the interest...
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A gasoline station very near a professional football stadium parks cars on its lot to make money on game days. Last year it charged $4.
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For a developing country to grow, it needs capital.
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At a price of $1,192,057, the Bugatti Veyron may be the most expensive street legal car currently on the market today.
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Some people claim that the "economic way of thinking" does not apply to issue such as health care. Explain how economics does apply to this issue by...
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please answer with detail on how you arrived to the conclusion The demand for good X has been estimated by Q X d - 3P X + 4P Y . Suppose that good X
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You are the recently elected president of the Gamma country, a developing country that is still producing way below the full capacity.
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Use the IS-LM model to analyse the short-run effect of a financial crisis and assume that the economy is initially at a medium-run equilibrium, Y...
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t one time were victimless crimes that are no longer criminal? What are some examples of behavior that were not victimless crimes that now are crimes?...
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A study found that in California, where car vanity license plates cost $28.75, the elasticity of demand was 0. In Massachusetts, where vanity plates...
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Problem: Let's say you are a macroeconomic policy maker and you want to increase national savings. You have control over government spending and...
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Assume aggregate consumer spending equals $5,000 when aggregate disposable income is zero, and when disposable income increases from $300 to $400,...
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A) an increase in capital of 10% B) an increase in population C) an increase in technology D) both capital and labor increase by 10% E) capital and...
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ROUND ALL YOUR ANSWERS TO ONE DECIMAL PLACE. The total cost curve of each firm in a perfectly competitive industry is given to be:
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if there is a tax on buyers, the demand curve will shift.
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Figure 2.1 (Figure 2.1) Suppose that Amanda has an income of $80,000, but if her business burns down, her income drops to $20,000. a. What is
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Holding other factors constant, the ratio of government debt to GDP can decrease as a result of any of the following changes except: -decreases in...
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John makes $50 a day at his job and spends his entire daily income on apple and orange juices. Apple and orange juices are perfect substitutes for...
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***********************************************************; gen hearn=earn/hours if earn0 hours0; replace hearn=.
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11) A firm faces the following demand and Marginal Cost P = 10,000 - 10Q MC = 5Q. a. Assume that the firm charge a uniform price to all its
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Maria wishes to buy gasoline and have her car washed. She finds that if shebuys 9 gallons of gasoline at $2.
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Question: You have collected the following data on output and total variable costs:
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The following returns must be expressed as annual effective rates: Plot cumulative returns for the following portfolio for the last 5 years (one...
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In 2008, the country of Ruba was suffering from a period of high unemployment. The new president, Chang, appointed Laurel Tiedye as his cheif...
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Distinguish economies and dis economies of scale.
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"Farmers (landowners) are good stewards of the soil. The only thing EPA needs to be concerned about is the off-site costs of soil erosion which do...
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Suppose that a given district has two massive aluminium smelters, smelter 1 and smelter 2, that transform "alumina" (extracted from bauxite) into...
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In your opinion should short term interest rates be rasied, lowered, or kept the same. Provide your reasoning behind your opinion.
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Based on current information about Retail Sales and the S P 500, should short term interest rates be raised, lowered, or kept the same.
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Marginal revenue product is defined as the change in total revenue that results from the employment of an additional unit of a resource.
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Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are...
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Assume you are the owner of a small cafe that employs 15 people, 10 of whom are front-line, unskilled workers, and currently paid the minimum wage.
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Consider two firms, A and B, which simultaneously set prices. Firm A has marginal cost of cA = 12, while Firm B has marginal cost of cB = 20.
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Suppose that an individual's demand for the number of physician visits per year, Q, can be represented by the following equation: Q = 50-0.
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ANSWER FAST! Open market operations are conducted in a manner so as, a. to ensure that the FED hits its employment target b. to ensure the FED hits...
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The advantages that society gains through trade lie in the ability to refine tasks associated with production. attain absolute advantage in our trade...
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his is for my econ class 365 we are using principles of econ book does any one know how to Understand the economy's stock of equipment and structures?...
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Joey consumes only two goods:
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