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Can anyone show me how to work this economics problem. This is a practice question 1. Optimal choice of capital Caroline makes sweaters in her home.
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Consider that Cournot competition among oligopolistic firms in which two firms produce a homogeneous product and provide it to the market.
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While over the long run, the economy grows about 2 to 3% per year on average, over the shorter term, the economy goes through business cycles.
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From first three parts of the Frontline documentary- "Money, Power, and Wall Street." 1. What are credit default swaps and how did they contribute to...
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Suppose the economy is self regulating, the price level is 132, the quantity demanded of Real GDP is $4 trillion, the quantity supplied of Real GDP...
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Part I: Welfare Analysis of Small Country Tariff Assume the U. is a small country in the market for flip-Flops . It produces flip- flops domestically...
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Welcome onboard to the Indiana Memorial Union (IMU) Catering, we are glad to have you on board. Traditionally, we have had one event size for...
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Post-Investment HoldupIn chapter 5 Froeb discussed post-investment holdup as sunk cost problem associated with contract specific fixed investments. The modern theory of contracts is sometimes called t
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"GDP" Please respond to the following:
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The government airlines tend to be much more inefficient than private businesses because the incentive to retain cost low and supply customers with
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7. A researcher has estimated a linear model to study the effect of weekly household income sci [in $100) on weekly household expenditure on food yg
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Identify one example of either anIncreasing cost,Decreasing cost orConstant costindustry andexplain why you think it falls in that category....
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allocative and productive efficiency b. profits and revenues c. efficiency and fairness d.
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What is the differencebetween the output level where the total profit is maximized and the outputlevel where the total revenue (TR) is maximized?
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There are six consumers A, B, C, D, E and F who potentially buy two goods1 and 2from a monopolist who incurs a production cost of $3 for each of...
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There are two types of consumers in a given market: there's Type A and Type B, with the following demand curves for the product:
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Question 1: A monopolist has the cost function C(Q) = 9Q + 0.5^Q2 and faces two types of consumers, A and B, with the following demand curves for its...
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A monopolist faces the following demand curves -marginal revenue curve, total cost curve and marginal cost curve for its products: QQ = 200 -2P. MR =...
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Under the managed floating system of exchange rates: all exchange rates vary with changes in the free-market prices of gold.
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ree trade based on comparative advantage is economically beneficial because: it promotes an efficient allocation of world resources. it increases...
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We said that a key part of the classical approach was the assumption that prices were flexible. Conversely, one of the crucial ideas of the Keynesian...
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The following problem i need help with i do not understand. I need to follow the below instructions and then graph on graph i have below I need help
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The production function is q=2KL. The rental of K is $1, and the wage of L is $1. Draw the long run expansion path. When q=100, what are the values
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Question: U= (x 1 x 2 /x 1 +x 1 2 )x^2 a. Determine mathematically whether the utility function given above is homogeneous b.
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ECON 214 PROBLEM SET 6 1) Why is it possible to change real economic factors in the short run simply by printing and distributing more money?
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I would like you to read up on the following IPOs: Tesla Motors (TSLA - 1/29/10) b. Google (GOOG - 4/29/2004) Go to the SEC Website (www.
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Multiple Choice 1. Can a country simultaneously run a trade balance surplus and a current account defi cit?
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4. Which would not be considered as capital (or an economic resource) by an economist?
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the owners of a sucessful resteraunt want a loan for $50,000 to renovate the kitchen and expand the dining room they expect that the extra tables
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The equations modeling supply and demand for flights on Route X per year is given byp 1500 10 q = a2 p 0.
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To predict the probability of default on their bond obligations, Daniel Rubinfeld studied a sample of 35 municipalities in Massachusetts for the year...
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But the assumption of normality for ui is not tenable for the LPMs because, like Yi, the disturbances ui also take only two values; that is, they...
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Mary worked as a real estate agent for Pied Properties for 15 years. Her annual income is approximately $100,000 per year. Mary is considering...
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The own-price elasticity of demand for oranges is -4.5. If the price of oranges decreases by 2%, what will happen to the quantity of oranges demanded?...
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Regulators are considering controlling the emissions from two local power plants.
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Like supermarkets, full-service department stores like Macy's are generally in decline. What factors might these types of stores have in common
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Economic growth from an inefficient level of production can be represented by a: rightward movement of the AD/SRAS intersection point that ends up...
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Larry, Curly and Moe run the only saloon in town. Larry wants to sell as many drinks as possible without lossing money. Curly wants the saloon to...
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Think about the amount of saving that you do. How much of your disposable income do you save? Is it a positive amount or a negative amount?
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Suppose marginal cost of abating X units of pollution is given by: MC(X) = 2X and marginal benefits are MB(X) = 6 - X when X 6 and 0 when X 6....
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Farmer McDonald gives banjo lessons for $20 an hour. one day, he spends 10 hours planting $100 worth of seeds on his firm.What opportunity cost has
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Firm Y follows Firm X Firm Y doesn't follow Firm X Firm Z follows Firm X Firm Y makes $500 , 000 Firm Y makes $800 , 000 Firm Z makes $500 , 000 Firm...
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Suppose the equiilbruim wage rate for apricot pickers is $9.00 per hour in california and at that wage rate the equilibruim quantity of apricot...
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Unemployment insurance is one of the social welfare programs that has been implemented in many advanced economies. Someone argues that the...
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Should we have a Balanced Budget amendment? Are you for or against an amendment and why?
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Purpose of Assignment Identify key economics concepts and analyze supply and demand alternatives. Assignment Steps Select a current events article that focuses on changing economic market conditions a
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10 . Suppose the economy is at full employment . Reduced geopolitical tensions cause* the federal government to decrease military spending , which
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Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next, please define the characteristics of the industry or firm that support your sele
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Several years ago, Pfizer and Warner-Lambert agreed to a $90 billion merger, thus creating one of the world's largest pharmaceutical companies.
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3 An absentee landlord owns a farm and hires a laborer to work it. The output of the farm as a function of the effort level, e, of the worker is x/E....
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