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Two firms can either reduce their rice or keep them at present level, if a firm A cuts prices, it will earn 10 million profit if firm B also cuts
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Do you think it is a problem that the US has a relatively low savings rate (When answering this question, you need to talk about national savings...
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suppose an increasing-cost industry is in both long-run and short-run equilibrium. Explain what will happen to the following in the long run if the...
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With reference to the theory of the consumer (demand, elasticity and utility) and the theory of the firm ( costs and market structure). Is the "Free
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In a recent 60 Minutes Story on technological unemployment, a plant manager at Amazon said that "Each [robot] can produce the same amount as 1...
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This is about perfect competition: Each of 10 firms in a given industry has the costs given in this table:
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1. What variables other than price appear to have the biggest impact on the demand for McDonalds products? How much influence does the company have
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"Diminishing marginal utility explains a lot about human behavior. For example, it helps illuminate why diets fail, romances fade, too much exercise...
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Pricing Strategies A business can produce its product in different versions: Version A has a basic design and a lower cost and Version B has an...
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On the Wall Street Journal article - "Tax Reform Will Give Workers a Raise", the author argued that the tax reform proposed by the Trump...
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(Resource Demand and Supply) Answer each of the following questions about the labor market: a. Which economic decision makers determine the demand
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hello there. i have an assignment that i need you to do for me due to my lack of understanding in economics please see the attached files for more
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Consider the utility function U(x, y) = 1 - [(1-x)^2]/2 + ln (x) + ln (y), where x, y 0. Fix a utility level U bar 0.
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Total government demand is P = 750 - 8P and all five firms produce at a constant marginal cost of $50.
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Although GDP per capita is the most commonly used measure of a countryacirc;s success, many economists believe it does not give an accurate measure...
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Identify and explain one advantage and one disadvantage in using supply-side policy tools rather than demand-side tools to combat the effects of a...
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CoordinatES:00, 20.00) Demand Marg Revenue Marginal Cost Average Cast Unregulated Eq Regulated Eq Unregulated CS Additional CS Unselected 'Snapping a...
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The following data give the selling price, square footage, number of bedrooms, and the age of the houses that have sold in a neighborhood in the past...
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Final Assignment Due May 7th at 5:00 pm . Use the following information to develop a full recommendation of action ; this would include two possible...
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The company I work for charges $60 for a boardgame we invented and has sold exactly 3000 copies last year. Elasticity for the game is three. Please...
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mary is willing to pay $50 for a christmas tree, john is willing to pay $45 and Jeff is willing to pay $40. The price of a tree is $40.
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Assume that the market for beef is perfectly competitive. Beef producers are currently earning a zero economic profit.
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If competitive industry Z is making substantial economic profit, output will:
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What are the economical problem a nation would face with deflation? What are measures that a country can adopt to combat deflation?
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Explain how and why the relative tax burdens on consumers and producers would be different for the following taxes: A tax on all beverages; a tax on...
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There are two goods in the economy, anchioves (a fish) and bananas (a farm product).
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You had been offered a full time job with a salary of $80,000 per year and y ou are currently running your own small business with annual revenue of...
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Pick a news article from a major newspaper (Wall Street Journal, New York Times, Economist, Business week etc. Please remember you cannot use blogs...
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You've been hired as a managing consultant by an unprofitable firm to determine whether it should shut down its operation. The firm currently uses 70...
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Roy Rogers, the lead broker at C-U Broke (a local estate brokerage firm) is interested in identifying whether there is a difference in the number of
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here are the two questions 1-Develop two MB-MC frameworks for both defense goods and civilian goods.
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Federal Reserve Notes in circulation=$850 Money market mutual funds (MMMFs) held by individuals =400 Corporate bonds=300 Iron ore deposits=50
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The Army pays soldiers a salary of $2000 per month. Suppose that all soldiers have the same utility function U=HY, where H is the quantity of housing...
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need help for managerial economics
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WSP is a profit maximizing publisher of Shakespeare works. They are the only publisher of such works and are a monopolist. There are two types of...
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Problem 6 The federal government increases spending by $1 billion to develop a new fighter jet. If the MPC in the economy is 0.1, what will be the
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Problem 4 Suppose the government increases education spending by $20 billion. How much additional consumption will this increase cause?
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Question 1 Not yet graded I 10 pts Expected Return Standard Deviation Stocks fund (5) 10% 20% Bond fund (B) 4% 10% Tbill 2% The correlation between
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(Slutsky) Suppose original prices and income are p1 = 1; p2 = 2; I = 30. Then there is a price shock and price for good 1 increases to p1 = 3....
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Why might a retired father and his son argue rightfully about the benefits or costs of increasing interest rates?
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A village has six residents, each of whom has accumulated savings of $100.
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Read the following agreement and discuss how you think these trade agreements have impacted the United States.
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what are the highest and lowest payments from the writer that the beekeeper farmer team will accept for the sixth day?
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Using the Cagan model of money demand explain using words, graphs and mathematics why the total amount of seigniorage collected and the seigniorage
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"Perfect Competition" Examine a perfectly competitive firm that you have recently purchased a product from, focusing specifically on how the firm
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As some people's per hour wages go up, they actually choose to work less and leisure more. Explain whether this is rational economic behavior.
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MB 1 = 12 - 1/2Q 1 MB 2= 12- Q 2 MC 1 = 4 + 1/2Q MC 2 = 4 + 1/4Q 2 a. construct a market supply and demand functions. construct a graph of market...
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Lottery A pays x with certainty. Lottery B is ($10, p; $20, 1 - p) where 0 p 1. a. For what values of x and p will A first order stochastically
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Because people dislike commuting to work, homes closer to employment centers tend to be more expensive. The price of a home in a given employment...
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Suppose a firm is considering installing cameras and using spy software on the computers at the office to monitor its workers in addition to hiring...
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