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14. What type of market automatically reaches economic efficiency?
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difference between a strong US Dollar and a weak US dollar? If you had to choose, would a strong or weak dollar be more beneficial for the US economy?...
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an aircraft with 100 seats serves passengers through two types of fares: full ($505) and discount ($105). Extra passengers have $5 marginal cost.
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1) Suppose the U.S. government increases trade barriers on Japanese cars coming into the United States. a. What impact would this have on the
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QUESTION 1 When marginal revenue equals marginal cost, A.economic profit is zero.the firm is producing the maximum amount of output possible.the firm...
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QUESTION 1 If a liquor store owner decides that raising the price of beer can pay for the construction of a new building, then the owner is assuming...
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Actual investment is $62 billion at an equilibrium output level of $620 billion in a private closed economy. The average propensity to save at this...
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In the context of credit risk for defaultable bonds:
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While reviewing pre-employment reports as part of her job, Amanda Jones, claimant, read a report in which an applicant admitted commenting to an
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pls. find attached for the questions.thank you.
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A typical budget line is A.bowed in toward the origin.bowed out away from the origin.a positively sloped straight line.a negatively sloped straight...
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The only way for a consumer to maximize utility is to find the combination where the budget line is tangent to the highest attainable indifference...
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Suppose a budget line is drawn with X on the horizontal axis and Y on the vertical axis. A decrease in the price of X will cause A.
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A curve showing different combinations of two products that give a consumer the same satisfaction is A.a paradox of value.an indifference map.a...
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Income changes cause parallel shifts of the budget line.True B.
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2. Kurzweil suggests that the introduction of some kinds of nanotechnology devices is inevitable. What reasons does he adduce that support this
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In neoclassical growth models, the sources of growth, is exogenous usually quot;technologyquot;. Such theoretical models hence are able to describe...
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Is the US a quot;good playerquot; in international environmental law? Historically? Today?
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Some competitive firms are willing to operate at a loss in the short run because A.AVC is less than P.their fixed costs are less than their current...
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If the market price ever drops below a firm's average variable costs at its profit-maximizing level of output:the firm should shut down immediately.
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Consider an industry consisting of two firms producing an identical product. The inverse market demand equation is P = 2.5 - Q/2.
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A local municipality uses a sealed-bid, first-price auction to sell airport landing rights.
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The price elasticity of demand for a firm's product is -3. If the firm's advertising elasticity of demand is 1.5, the profit-maximizing...
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Suppose that two players simultaneously submit bids for a share of $250. Bids must be $50 increments. If the sum of the bids does not exceed $250...
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Suppose the quantity of steak purchased by the Jones family is 118 pounds per year when the price is $2.10 per pound, and 82 pounds per year when the...
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Question 1. Assume that 2 roommates share an apartment. Each roommate can spend his/her time by either studying or cleaning the apartment. Both...
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1 - The following table summarizes the short-run production function for your firm. Your product sells for $5 per unit, labor costs $5 per unit, and...
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Class, in one hundred words ask yourself when looking at consumers, you will find that choices are very important to evaluate.
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B) Cigarettes. A) Crude Oil. 15. Which of the following is most likely to be elastic with respect to demand?
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Predict what will happen to interest rates if the public believes him.
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How would I draw these graphs?
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I need help in finding a topic or getting started for my term paper 2 in my microeconomics class. For the term paper, you are required to pick a
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$50 External benefit = $10/shot Draw the social value curve. Find the socially optimal Q. What policy would internalize this externality?
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Budget constraint: Prices, income, and government restrictions limit a consumers ability to make purchases.
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205: Principles of Macroeconomics Mark Moore Fall 2007 Problem Set 6 1. Why does the aggregate demand curve slope down (in Y-P space)?
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A) If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the right.
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Price q Elasticity of Demand is equal to = 2 at every point along this demand curve. Suppose that C (q) = 10q + 3,500,000 (for which MC (q) = 10 ).
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the marginal tax rate on the next $10,000 of taxable income is 30 percent, what will be the average tax rate if your taxable income rises to $30,000?...
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The Federal Reserve's control over the amount of government securities it buys or sells is ____1______ than its control over discount window lending....
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The production possibilities for the United States and Saudi Arabia are given in Problem 1.
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quot;Economics essay-a brief paper about three pages in length and concisely analyze a contemporary problem illustrating in the market
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ic theories regarding to nature of quot;needquot; or quot;demandquot;(contrast his theory to that of Gervasi,Gallbraith and classical economists)?...
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How has China's economic growth affected its cultural beliefs? How have its cultural beliefs affected its economic growth?
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Suppose the cross-price elasticity of demand between goods X and Y is -3. How much would the price of good Y have to change in order to change the
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When a pure monopolist price discriminates, which one of following happens?
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The social disadvanatges of a purely competitive market situation do not include which one of the following?
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he Wheeler Wheat Farm sells wheat to a grain broker in Seattle, Washington.
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The relocation of production that was once done in the U. to foreign nations is called:
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Sun Computer workstations gathered average monthly sales gures from its 56 branch oces and dealership across the country and estimated the following...
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The productivity of a resource in influenced by all but which one of the following?
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