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The supply function of a certain commodity is Q = a + b P2 + W1/2, where P is price and W is weather-related conditions affecting the supply. Assume...
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There are 16 hours daily to be divided between working for pay and leisure . Working yields hourly wages of 820 . Any hours worked in excess of eight...
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A. Consumers are consistent in their preference. 21. Which of the following is not an assumption of ordinal utility analysis?
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$14/acre control costs, $3.50/bushel corn, 3.7 bushel loss/larva/plant at dent stage, 100% kill with insecticide ET = 33 eggs per plant Which
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20. Suppose a firm is using two inputs, labor and capital. What will happen if the price of labor falls?
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If each person privately rented a movie to watch on their own, how many would each person rent?
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Suppose you are given the following information about an economy : Short run Aggregate Supply : SRAS = Y 500 0 1 + 14 400 Long run Aggregate Supply...
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1. Define inflation. Within the context of our AD-AS model and assuming long-run AS is constant, what must be true about AD for there to be inflation...
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Pr(deny=1 l P/I ratio, black) = -2.74 P/ I ratio + 0.71 black (0.16) (0.44) (0.083) a. A black mortgage applicant has a P/ I ratio of 0.
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Answer the following question: The Keynesian approach to fiscal policy calls for a. a balanced budget despite the state of the economy b. budget...
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Your company is about to send a number of managers overseas as expatriates to France and New Zealand.
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Why is revenue less than average revenue at each price level?
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You are given the following data for your firm, which sells high-capacity video MP3 players. Determine equations for P=f(Q), MR=f(Q), ATC=f(Q, Q 2 ),...
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Q3. (1 point) Many interest rates in the United States recently fell. Which of the following factors could have been the cause?
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Indicate how the following transaction is entered in to the US balance of payments with double entry bookkeeping.A foreign investor purchases $ 400...
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Create stock portfolio 250 to 350 summary that includes the following: A summary of the importance of stock performance in attracting investment...
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In this question you will compute PPP exchange rates using prices off the internet. We begin by using Amazon's various country-specific sites.
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If a competitive industry is currently suffering economic losses then what can be expected to happen to the number of sellers, the price of the
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Question: The market for "caldo-de-oso" consists of two firms that produce identical products.
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Use the LR curve to show how each of the following shocks affects output, the real interest rate, and the price level in the short run and the long...
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First bank has total deposits of $2,000,000 legal reserves of $220,000.
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Market demand has recently decreased and market supply has recently increased. As the manager of the facility, what decisions should you make
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1. If a firm produces at a level of output where marginal revenue exceeds marginal cost, would it improve profits by increasing output, decreasing
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Submit the answers to the following questions in the unit 9 drop box. You must explain your answer and provide your supporting computations.
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Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in response to each of the situations below and sketch...
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Tourist have an elasticity of demand for a trip to Bahamas of -3. How much should an airline charge them for a ticket if the price it charges the
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please show as example What is the marginal propensity to consume when consumption changes from 7 to 6 and disposable income changes from 5 to 3?
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Hello Our economy is currently in recession so let's discuss how discretionary Fiscal Policy can help the situation. Please explain why tax cuts may
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When discussing the maximization of utility, regardless of whether you chose to work more hours or fewer when offered a higher hourly wage, you could...
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I have a question with final answers about Econ 2101, but I dont know how do get that answers so could you give me some detail and explain the...
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Question: Graphical and Mathematical Exercise: Consider a person A, who is extremely thirsty. His maximum willingness to pay chart is given below.
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Technical ProblemsChapter 10 Page 380 1. The following cubic equation is a long-run production function for a firm: Q = -0.002K3L3 + 6K2L2 Suppose...
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Calculate then graph the ATC and MC curves for a typical competitive firm, labeling everything relevant. How much economic profit do competitive
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100 words min, no cut and paste, cite refs. Were past societies in human history more ecological than our society today? What is the most ecological
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Suppose that a worker in Freedom can produce either 6 units of corn or 2 units of wheat per year, and a worker in Liberty can produce either 2 units...
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Duopoly + Dominant Firm Consider the global market for crude oil, consisting of Saudi Arabia, Iran, and the rest of the world.
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Develop a 2100 word economic outlook forecast that includes the following:
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Consider a firm with the following production technology q = k 0.5 l 0.
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How do you allocate them? Do you: (A) give them to specific groups, such as high-risk populations, or (B) sell them to the highest bidder and rebate
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A and B throw alternatively with a pair of dice.A wins if she throws ' six' before B throws 'seven'; and B wins if she throws' seven' before A throws...
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A colleague tells you that he can get a business loan from the bank, but the rate seems very high for what your colleague considers a low-risk loan.
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A firm currently uses 40,000 workers to produce 180,000 units of output per day. The daily wage per worker is $100, and the price of the firm's...
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If the nominal interest rate is 15 percent and anticipated inflation falls from 10 percent to 7 percent, the real interest rate would change from: A)...
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2. Consider the Keynesian cross model and suppose taxes increase by $500 million. If MPC = 0.8, how does output change?
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Refer to Exhibit 5-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the...
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James insured his car with a renowned insurance company that checked his driving skills and verified his accident record before insuring his car.
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TECHNICAL PROBLEMS* 1.For each one of the costs below, explain whether the resource cost is explicit or implicit, and give the annual opportunity...
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review trade balances using the Economist publication for major global economics for at least four countries and discuss the following data items
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Meme TER 11 Regression with a Binary Dependent Variable 11.5 Using the results in column (7): a. Akira is a man with 10 years of driving experience.
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Problem Set 7 International Trade (if you have difficulty be sure to check out the "How to." Files on BB.
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