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Snack food vendors and beer distributors earn some monopoly profits in their local markets but see them slowly erode from various new substitutes.
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Suppose three countries were self sufficient and produced along a straight line production possibility curve.
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"The steel industry must be protected from cheap foreign imports.
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Go to http://www.bloomberg.com/markets/economic-calendar and click on any date in the past few weeks.
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rise, fall, or remain unchanged depending on the magnitude of the changes, but the equilibrium quantity of coal would increase.
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Consider three 20 year bonds, all with a face value of $1000: a) Bond #1 has a coupon rate of 9% and sells for $1100. b) Bond #2 has a coupon rate of...
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What is rate of inflation? How much income would be required for the consumer to afford the same quantity?
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When we talk about Hayek as an economist, how should we value his ideas and theories? Are his and his followers' theories really be like: no
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Question 3: [5 points] Consider a Hotelling line of length 1 with firms currently located at 0.29 and 0. Prices for all firms are fixed at p.
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I do not plan to submit this work as my own.
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Would expansionary or contractionary fiscal policy would seem to be most appropriate in response to each of the situations below and describe/sketch
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a) Two countries are in a recession. Country A has an MPC of 0.8 and Country B has an MPC of 0.6. In which country will government spending have the
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microeconomics. Arthur spends his income on pie and whipped cream. He views pie as a good but is neutral about cream, in that he doesn't care if he...
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Assuming that a country is suffering through a recession.
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Suppose that you are the manager of a pizzeria that produces pizza at a constant marginal cost of $6 per pizza. The pizzeria is a local monopoly...
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1. Suppose that the US demand for aluminum is given by Q D = 500 - 50 P + 10 Y Where P = Price of aluminum per ton Y = average income (in 1000's per
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Under what conditions would your value-menu fast-food restaurant decide to be open on Mondays, and when would it decide not to be open on Mondays?
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The market for plywood is characterized by the following demand and supply equations:
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Instructions for Business Cycle Extra Credit Paper Watch the Economic Cycle from YouTube Study...
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Consider two individuals that have recently purchased health insurance.
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Which of the following statements concerning how banks make money is true?
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The internal rate of return (IRR) is a) the interest rate that breaks even a project's costs and benefits. b) the interest rate that allows an...
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Practice problem A project requires $100,000 in initial investment and immediately pays $25,000. The next year this project requires additional...
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Business plan competitions are becoming more popular as a vehicle for enhancing entrepreneurship. A recent winner of the Rice University competition...
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Milk is a major input in the production of ice cream. An increase in the price of ice cream would:
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Problem 3 Assume that output in the economy is given by a production function that implies the following MPL MPL-1 K '2 L Further assume that in the...
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Education and Earnings This month's Issue in Focus looks at trends in education levels and earnings of people in the Prince Edward Island Labour...
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So, this time, Groucho and Harpo work together in the same office. Groucho smokes; Harpo hates smoke. Groucho has the right to smoke, and he...
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d as "derived?" Given the production function, prices, and fix capital, can you solve for the profit maximizing amount of labor hired by the firm, E*?...
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Jacob owns company that offers jeans in a perfectly competitive product market.
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If you have an investment decision your company has made. Putting it all together the opportunity costs and benefits of the decision. your company...
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Describe an investment decision your company has made. Compute the opportunity costs and benefits of the decision. Did your company make the right...
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Describe an investment decision your company has made. Compute the opportunity costs and benefits of the decision. Did your company make the right
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find a news article published within the last three months that discusses trade deficit of the U., summarize key points and post in the Discussions...
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1. For this part think about Demand and supply in the market of Reserves. a. (3 points) Who are on the demand side of the market?
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What warnings would you give forecasters in using statistical demon equations for estimating consumer demand?
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Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric
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The Campbell Soup Company acquired Bolthouse Farms for $1.55B in 2012. Bolthouse Farms owned and operated extensive farming operations that supplied...
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In 2009, Oakland (CA) voters passed a measure to legalize and tax medical Cannabis.
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Should government subsidize college education or allow a supply and demand in the free market. All U. states subsidize education for college...
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Suppose that Japan has 20% of the world's capital, 10% of the world's skilled labor, 30% of the world's unskilled labor, and produces 20% of the...
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List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the...
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In 2008 the government issued new regulations that increased the amount of ethanol that had to be added to gasoline.
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The following two paragraphs have been culled from the Economists Magazine of July 17th, 2017 under the title "Why China's dog-meat market has
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Suppose a friend of yours is wondering why government hasn't imposed a tax on cigarettes to discourage consumption of cigarettes because in her
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HYPERLINK "http://hir.harvard.edu/article/?a=3133" http://hir.harvard.edu/article/?a=3133 Younis, Ahmed. Gender Justice Employment Gaps in the Arab World the Harvard International Review Summer 2013
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In related to the efficient market hypothesis, what is the concept of efficient markets?
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Stonebuilt Concrete produces a specialty cement used in construction of roads.
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Describe the three types of risk we introduced in class - performance, reliability, and fit. Provide a definition for each, as well as a scenario in...
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The current heating bill for a house is $1000 per year (assume the costs accrue at the end of the period).
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