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Case Study 1: On page 207, there are the steps to an Efficiency Analysis. In 2 to 3 pages, find a topic that you feel is interesting. You are my...
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True of False: A principal-agent problems occur when managerial decisions are not consistent with the firm's shareholders' interests.
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PROBLEM 1 A profit maximizing firm has a production function given by Y = K2/3L1/4, so that the firm's MPL = K2/3 and MPK = 2L1/4. 4L3/4 3K1/3 This...
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Question: On each of the graphs, clearly label all intercepts and points numerically where possible.
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Define inflation. Assume that you live in a simple economy in which only three goods are produced and traded: fish, fruit, and meat. Suppose that on...
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Throughout the course, you have been provided with videos and articles in This Week in Business News. Pick one of these articles/videos which deals...
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First, select a financial industry event that interests you most, such as the stock market decline from 2007-2009, the financial system bailout in
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A society has three types of individuals, type I (one person in this type), type II (90 persons in this type) and type III (9 persons in this type),...
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From the equation of exchange, if both nominal income and the quantity of money (M) have tripled , while the price level (p) has increased by 50
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s $30,000, depreciation is 13 %, the population growth rate is two percent, and the saving rate is 20 % what is the steady state capital -labor ratio?...
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The key endogeneous variable in endogenous growth theory is ________. the level of technology B. the productivity of research and development C. the...
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The last 2 questions. (d) and (e) Games of Strategy (d) Of the possible separating contracts, which one do you expect to prevail?
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Jerry lost her credit card and instead of reporting it right away, she decides to continue looking for it for a couple of days. On the second day, she makes the call and reports the card lost/stolen t
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Suppose the government imposes an excise tax on the production of a good produced in a perfectly competitive market that was in long run equilibrium....
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A5-10. Analyze the short-run effects on the Canadian economy of each of the following events using aggregate expenditure (AE) and aggregate demand...
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True and False: Circle one (2 points each) 1. Real interest rates and expected returns are drivers of the Consumer spending component of GDP.
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In presence of pollution, explain graphically the difference between social and private marginal cost. What will be the impact on the output produced?...
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Suppose Lynda is going to finish her bachelor’s degree in June 2018 andconsidering whether to spend an extra year studying for a master’sdegree.a What will be Lynda’s opportunity cost of studyin
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During a recession the output declines, creating a negative output gap.
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Suppose a firm with market power faces the following inverse demand function and marginal revenue function . The firm has a cost function and...
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Suppose a monopoly firm faces the following demand and marginal revenue functions: p = 200 - 2Q and MR = 200 - 4Q.
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I expect your draft response to each topic to be between one half and one page long. TOPIC 1 - GROSS DOMESTIC PRODUCT:
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Suggest ways in which this concept can actually be measured.
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In a market there are six consumers who are willing to pay $9, $5, $9, $13, $10, and $11 respectively for one unit of the good.
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In the U. market for oil, the price of West Texas Intermediate (WTI) crude oil can be considered the equilibrium price of crude oil in the United...
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Please explain the basic theory for the analysis of factor markets. Please explain the term factors of production and the three most important...
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You have the following demand equation: Q = 40,000 -5,000 P.
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For the given cash flow diagram, What is the uniform series of payments to be made, if theinterest rate is 5%, compounded annually?
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Adam Smith's 'invisible hand' operates in the free market system, with active competition, that aligns the self-interests of individuals with the...
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a) (10 points - 5 for diagram, 5 for explanation) Now let's pretend that the Fed had acquired the tools of the discount rate and interest rate on
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Green is looking to establish a new market producing energy gummy bears.
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Whats the significance of the global trade environment?
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Analyze the short-run effects on the Canadian economy of each of the following events using aggregate expenditure (AE) and aggregate demand and...
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Suppose the following aggregate expenditure model describes the US economy:
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1A medical office does MRI (magnetic resonance imaging) scans on patients. It has two MRI machines. Each scan requires a technician to run the MRI...
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Which of the following is NOT one of the responsibilities of the Federal Reserve?
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compound consolidated corporation (CCC) produces containers using two inputs: labor and glue. If labor cost 10.00 per hours and glue costs 5.
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You are running a restaurant under conditions of monopolistic competition. Explain how each of the following affects the demand schedule you face. a)...
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Question 3 The inflation rate is increasing and unemployment is decreasing. The economy is likely in contraction expansion a peak a trough Question:
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If the Bank of England increases the nominal supply of pounds, all else equal, the dollar per pound exchange rate should decrease. increase. remain...
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If the FED increases the nominal money supply by 5 % and real income increases by 2%, then we would expect: prices to increase by 5%. prices to...
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QUESTION 1 An increase in professors' salaries increases the supply of college education.True B.
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The assumption that total wealth in the world is fixed had important consequences for the analysis of the mercantilists. Explain!
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Suppose the own price elasticity of demand for good X is -3, its income elasticity is -3, its advertising elasticity is 4, and the cross-price...
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For each of the three causal questions answer the following (and label your answers clearly): a. What is the outcome variable and what is the
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The country of Aldovia has been beset by conflict for much of its history.
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A movement along the supply curve might be caused by a change in
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Please, select a product to provide an example exemplifying the different impact of quot;fixed costsquot; and quot;variable costsquot; in...
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The price of cars in the United States and Mexico will change because More than one answer is correct The supply of used cars is being reallocated
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There are currently 100 identical firms in the perfectly competitive gadget manufacturing industry, each having short-run total costs given by STC=...
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