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are all demand curves slope downward? How do wages affect labor supply?
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Suppose you know that the slope of demand for standard oil changes is -1/4. Normally oil changes sell at P=40 and Q=160 are sold. Then a sudden...
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5 Constrained Optimization and the Identication of Preferences An individual decides how much time to work (W) and how much leisure to enjoy (L). His...
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2 General Denitions 1. Among the following, which statements are positive, which are normative?
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which of the following could cause a change in demand in the market for antibacterial soap?
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earn that a bottle of Gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate? If so, how?...
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What happens to the quantity of loanable funds supplied when the interest rate rises?
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Why do economists expect inflation to accelerate when ult; NAIRU?
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Dayna's Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is C = 100 - 5Q + Q 2 and demand is P = 55 -2Q. MC = -5 + 2Q and MR =...
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The US treasury isn't the only issuer of bonds. Corporations also issue bonds that have future payment structures like U. Treasuries.
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Read the following popular argument in the U. political as well as economics circles. "Private saving goes either toward financing the budget deficit...
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Suppose that the Fed sets the interest rate and adjusts the money supply accordingly (i., horizontal LM curve) and the economy is in recession.
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Is the smartphone industry (i.e. Motorola, HTC, LG, Samsung, apple) an oligopoly or monopoly? And would the IOS system (Google for android and apple)...
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Given the market for illegal drugs, if the government should attempt to reduce the flow of drugs into Canada, what would happen?
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The initial conditions in the money market are as follows: rr = .10 C = 400 D = 1200 ER = 10 M d = 1200 + .5Y - 100i Where Y is given and equal to...
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Trade as a Percentage of GDP :
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Draw supply and demand curves. Assume that these are supply and demand curves for the Microsoft Surface Tablet. Draw what happens on this graph when...
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Describe the economic principles that company executives should consider when developing a strategy or strategies that will maximize profits while
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Low rates of savings in Canada can limit the accumulation of physical capital. This is because if a country must rely primarily on:
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Equation 1 : CV=PB-PC , where: CV stands for customer value PB stands for perceived benefits PC stands for perceived costs Equation 2 : PB=FB+LB+SB ,...
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I'm between a few answers on 5 of these questions and am unsure of which to select for the correct answer. You don't have to provide an explanation!...
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How do you answer this question: draw a supply and demand curves. Clearly draw an increase in supply.
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What uses would a delivery lorry have other than delivery goods?
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In May and June, Michael spent all his drinking budget on drinking Beer and Scotch Whiskey. Each beer budget $3.
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When income goes up from $20,000 to $30,000, demand for product A is going up from 300 to 400. The price of Poduct A is $200. However demand for...
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How are Oligopolistic firms' interdependence shape the firms' behavior and what problems it raises for public policy?
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How Monopolies Make Production and Pricing Decisions?
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If marginal benefit is greater than marginal costs,a rational choice involve more of the activity.is this statement true?
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why is there an expectation operator in the following Fisher equation:E(r)=i-E(????) Why is there no expectation operator in the following Fischer
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There is evidence that CEO compensation follows a quot;power lawquot; with respect to size of firm:
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The Cheesecake Palace uses two inputs to produce cheesecakes: ovens (K) and workers (L). The ovens cost $800 per day to operate; and the workers earn...
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Suppose you want to estimate the following labor supply equation: Annual Work Hours = + *(Average Hourly Wage) + You gather data on US workers aged...
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Tom earns $20 per hour. He faces a uniform 20 percent tax rate on all earned income and pays $6 per hour in child-care expenses for each hour that he...
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Suppose Jim's utility for consumption and leisure is U(C, L) = C^0.5 L^0. His wage rate is w dollars per hour and he has $V in his bank account...
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John Jewkes (1930) outlined the economic factors bearing on industrial vertical integration. Which of the following statements are inconsistent with
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Stigler (1951) observed that vertical integration was found sometimes in industries for reasons having little or nothing to do with his industrial...
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Specific Electric Co. asks you to implement a pay-for-performance incentive contract for its new CEO.
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You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products: splishy splashies, flopsicles, and mookies. All of these products have
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This is Econ 310. Book: International economics robert carbaugh 16th. I need a long paragraph so please write as much as you can. Thank you! Does
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What is the likely effect on equilibrium price and quantity if orange growers experience an extended period of bad weather?
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you have made a decision to pursue higher education descibe the economist view
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Describe an important difference in the way an economist and a businessperson might view a monopoly.
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Game theory: Two players named Bill and Sally bid for an object. Both have $10. The objective is to outbid the other player for a used watch. They...
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An economy's production function is Y = AK^(1/3) L^(2/3). Also, A = 10, K = 216, and L =1000. Furthermore, G =1100, T=1000, and C=250 + (3/4)(Y-T),...
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Numerous " hookah bars" at which patrons can pay to utilize water pipes to smoke regular and flavored tobaccos, have popped up around the nation.
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Suppose the market demand for a good is described by the equation P = 160 - 2Q.
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what is technology in sustainability? what is external cost in sustainability?
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Propose a sustainability investment plan to improve the performance of your work group or organization or an organization you hope to work for. The investment can be made in human resources, in expans
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Suppose instead, real GDP in the United States falls temporarily instead.
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major legislative actions has congress taken since 1993 to reduce the size of the Federal deficit? Why the process is politically painful to Congress?...
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