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Suppose that the CPI for a particular economy rose from 110 to 120 in year 1, 120 to 130 in year 2, and 130 to 140 in year 3. We could conclude that...
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Maximizing Profits fixed costs = $50 output! total cost! ! marginal cost! total revenue! marginal revenue!! 1! ! $60! ! ! $10! ! ! $40! ! ! ?! ! ! 2!...
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Hi, here's the question from my economic assignment(international trade), can anyone helps me solve it?
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Question 1: The data set contains quarterly data from 1959q1 to 2016q4 for PCEP, the price index for personal consumption expenditures from the U....
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Suppose you are a painter, and the price of a gallon of paint increases fro $3.00 a gallon. Your usage of paint drops from 35 gallons a month to 20...
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Goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included...
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Suppose that in the preceding problem, the government levies an excise tax of $5 per dose on the monopolists. What would happen to the monopolists's
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question1: Go to www.gapminder.org/world. In the graph shown for Y (vertical) axis select: "Child mortality (0-5 years dying per 1,000 born)" and for...
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Quantity Quantity Quantity Year of Potatoes Price of Price of Unemployment Produced Potatoes of Steel of Steel Produced Exported Steel Benefits 2016...
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This is the market for movie tickets at a theater. You can see the market demand for ticketsand the marginal and average cost for showing movies.
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The table below shows expected payoffs (in $billions) for Boeing and Airbus. Each has the resources to build only one new plane, either a jumbo or...
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During 1997, stock markets in Asia collapsed. Hong Kong's was down nearly 30 percent, Thailand's was down 62 percent, and Malaysia's was down 60...
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The following video describes auctions as price discovery mechanisms https://www.youtube.com/watch?v=4kWuxfVbIaU Use the video on auctions and at least 3 academic and/or high-quality business publica
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Type I and Type II Decision Error Costs The HR department is trying to fill a vacant position for a job with a small talent pool. Valid applications arrive every week or so, and the applicants all se
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Alejandro is one of the leading widget producers in the country. His total costs amount to $5,000, total fixed costs are $3,000, and average total...
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1) Calculate the Present Worth, Annual Equivalent and Future Value of the cash flow.
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The next table shows ppp exchange rates (the price of 1 U,S, dollar in units of foreign currency) for several countries. determined based on the Big...
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Can the Bank of Canada's monetary policy significantly influence long-term interest rates? How?
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You work for a small company with sales of one million dollars per year. You want to install some pollution prevention equipment that will cost...
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There are two products: Leica M9 digital rangefinder camera that lists at $7,000.00 (body only) and the Canon G10 digital point and shoot camera that...
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main products exhibits characteristics of vertical product differentiation, what might the firm do in order to increase the profits from this product?...
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Refer to the above table. Assume that the public debt is used to expand the capital stock of the economy and that, as a consequence, the...
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Suppose there are two states with probability and 1 . Consider the following utility functions for consumption (c1,c2) in the two states.
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Let's assume that like the average Penn State grad that you make $50,000 at your initial job.
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Year/ U.Dollar/ England Pound/ Russia Rubble/ France Euro 2012/ 1/ 1.63/ 25.81/ 1.48 2013/ 2/ 1.55/ 25.81/ 1.3 The table above shows exchange rates...
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Given an economy where government is deficit spending while operating at full employment.
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suppose there is an increase in demand holding supply constant. What will be the impact on equilibrium quantity and price?
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Quantity Year Price of Quantity Quantity of Potatoes Price of Unemployment Produced Potatoes of Steel of Steel Produced Exported Steel Benefits 2016...
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Fashion's Clothiers sells scarves that are very popular in the fall-winter season. Units sold are anticipated as: October. 2,000 November.
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Making employees aware of overall company goals and drivers, and empowering them to make key decisions to achieve those goals, is key to making them
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If the aim of the government is to collect the maximum amount of tax possible, the unit tax should be imposed on a good with a flat demand curve...
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James Pickett, D. Forsyth, and N.
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Suppose that in Slovakia, one unit of labor can produce either 16 tons of wheat or 32 tons of soy while in Poland, one unit of labor can produce...
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With capital controls, think of China as a closed economy; without capital controls, think of China as a small open economy.
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Consider a world with two countries-USA and Foreign and a competitive market of sugar in both counties.
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Money Market 15 25 50 75 100 135 150 175 200 Amount of Money (billions of $) Assume that the graph above is similar to Figure 15.2 (a) on page 290.
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Question 4: Cruising for Parking II The UCLA transportation economist Donald Shoup developed a formula to explain the rational maximum cruising time...
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If corn farmers know that the demand for corn is inelastic, and they want to increase their total revenue, they should all a. plant more corn so that...
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To conduct an experiment, AMC increased movie ticket prices from $9.00 to $10.00 and measured the change in ticket sales.
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Why decreasing in business investment causes a recession (write an essay) please
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Joe and Cindy hired Maria to cook the breakfast shift in their restaurant.
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L.O. 13.7 You are responsible for soliciting for the production of 80 F-95 aircraft units. Since there have been previous purchases of this aircraft
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Assume that you're a full-time worker earning $10/hour, $80/day, $400/week, $20,000/ year. Would you be willing to quit your jobs or keep working if
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""Define industrial (i., economic) regulation. Explain why industrial regulation exists. Explain how industrial regulation affects the market.
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Describe the different stages of market segmentation; the steps a firm would go through to get to the ideal group of prospects with the
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Suppose U = M0.5 and M = $1,000,000 and there is a .01 probability of an accident that will reduce your wealth to 10,000. E(M) b. E(U(M)) c.
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Use the following information to answer the questions below. Assume that the capital account is equal to zero.
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Small companies typically have difficulty competing against large multinationals when their governments take part in regional trade blocs.
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Basket: 20 pizzas, 10 compact discs Prices: Pizza CDs 2012 $10 $15 2013 11 15 2014 12 16 2015 13 15 For each year, compute:
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Real and nominal GDP 2010 2011 2012 P Q P Q P Q good A $30 900 $31 1,000 $36 1,050 good B $100 192 $102 200 $100 205 Compute nominal GDP in each year....
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