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Annette has maximized her utility by consuming both strawberry shakes and hamburgers. The price of hamburgers exceeds that of strawberry shakes.
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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...
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What would happen if no one tried to manage the business cycle? What role do you see for the Executive Branch of the U.S. government in managing the
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Marking: Marks will be awarded based on how well you: (a) understand the economic concepts from the lectures; (b) apply the concepts to the...
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A can of pop costs $0.75 on average in the United States and 12 pesos in Mexico. What would be the pes0-dollar exchange rate be if purchasing-power
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Suppose the equilibrium price of gasoline is $2.
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People derive utility in their lives from consuming goods, g, and clean air, a (measured as the number of particulates removed per m3).
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short answer questions on intermediate marco theory.
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describe the relationship between economic freedom and variations in wealth among countries
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Compare and contrast these explanations of vertical FDI: the strategic behavior approach and the market imperfections approach.
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Suppose that the individual demand schedules for Al Jane, the only residents on a quiet city street, are shown in the table for speed bumps aimed...
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You are an independent agent of Arrogant Insurance, Inc. (ARI) a stock insurances company. Your agency agreement is just expiring.
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" As long as resources are fully employed and every firm in the economy is producing its output using the best available technology,the result will...
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Sam's search costs are $5 per search. He wants to buy a VCR for his wife for, and the lowest price he's found so far is $300.
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Assume Canada is the only country with a production site in the world for hyperhoney infinite pasta; a wonderful product produced using a delicate,
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How did the International Monetary Fund operate? What brought about the end of the Bretton Woods Agreement?
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The consumer bundle contains 20 gallons of fuel, a standard meal at a restaurant, a month of cell phone service. Price Quantity 2010 2011 2010 2011...
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Use the following data to answer the question below.
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what are the three legal forms of business organization? which form of organization is dominant in the terms of total profits and why?
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1) A rising inflation rate tends to injure the following types of people: A) retirees and students with savings accounts. B) borrowers and homeowners....
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2 nd Essay: Business Cycle 1. Please explain what is the business cycle. Explain it, refer to it and clearly cite the authors covered in class 2.
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Let's say Okun's law is right, and that it works immediately.
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4. A piece of economic theory implies the pair of series X3 and K are generated by X: " 05E. = U131 where "11: = "Lt1 + 51:: X: " 51/: = "2:, where
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Briefly explain what is meant by off-balance sheet financing and its effects on the financial statements (5 marks) (b). The summarized cash account...
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Suppose the inverse market demand for gasoline is given by P=a-bQ, where P is the price and Q is the joint, total quantity, q1+q2 of gasoline brought...
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Macroeconomics Problem Set.
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The globalization markets is being driven by a broad and powerful set of forces, including worldwide deregulation and privatization trends,
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The cost structure of a manufacturer of microchips is described in the following table. The firm's fixed costs equal $10 per day.
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A. The price elasticity of demand is 2.33 66.7% /28.6% = 2.33 B. The PEd is elastic because it is 1. 2. Which is more price elastic?
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The following terms, such as proprietary assets and natural resources, foreign market penetration, research, production and distribution
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Demand and cost conditions facing Trollio's T-shirts $ MC ATC 16 Dollars 15 10 LO MR 0 20 50 60 Number of silk -screened T shirts per day Figure 11.1...
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Producers will supply q units of a certain commodity to the market when the price is p = S(q) dollars per unit, and consumers will demand (buy) q
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GDP is increasing by 3% per year how long will it take GDP to double and how long will it take Per Capita GDP to double if the population grows at 2%?...
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Overheard at the water cooler: "The demand and cost estimates that were provided at the meeting are very useful [Q - 90 - 6.5P and TC = 150 + 3.
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The costs of producing steel have declines substantially from building a conventional hot-rolled steel mill down to the new minimill technology that
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How is market equilibrium maintained to include supply and demand in a free market?
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following goods (with their respective income elasticity coefficients in parentheses) will most likely suffer a decline in demand during a recession?...
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The Coase Theorem is often applied in court cases where the parties seek to clarify who has the right to do what in the presence of externalities.
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If the marginal external cost of building a children's playground equals zero, then the marginal i. private cost equals the marginal social cost ii....
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To Slow Warming, Tax Carbon [The New York Times, Published: November 11, 2012]. The main reason emissions have been going up is the rise of coal in...
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If you have ever taken part in a community beach clean, you will know that plastic is far and away the most common substance that washes up with the...
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6 Optimal effort level(10 Points) Two fishermen have to decide how many fish to catch from a common pool resource. The amount of sh captured depends...
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Why is consumer protection so difficult when approached globally
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A government tax on luxury goods changes the equilibrium price and quantity of those goods. Discuss the implications for the consumer surplus,...
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1) The world's 10 largest firmsWhat are their sources of economies of scale?
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Cost Benefits analysis and predicting and Monitizing impacts of social projects How might one predict and monetize the impact on residents of putting...
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In part s of Asia, there are rivers that flow across the borders of more than one country.
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If one country has a corporate income tax of 20% and a second country has a corporate income tax rate of 15%, what can you expect to occur?
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3) Consider the following model of a macroeconomy C = 1000 + 0.9Y G= 0 I = 700 - 40i TA = 0 Q = 200 + 0.1Y - 0.05et M/P = 800 X = 400 + 0.02et L(i,
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Analyzing and understanding data is an important part of decision making. Econometrics is defined as the statistical methods used to analyze data and...
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