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Assume that Deanna has the following utility function for grapefruit and can- taloupe:u(g,c) =g^0. The price of a grapefruit,pg, is5and the price of...
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an archetypal low-cost-carrier business .Explain how it reduces cost compared with a large international network airline.
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Topic is: Money and Monetary Policy What is the difference between contractionary and expansionary monetary policy?
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rces of income distribution disruption over the past several years?What policies do you recommend to address the sources of disruption you identified?...
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The expenditures or output approach to GDP measures it by summing up:
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(5 pts.) The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 and a reserve ratio of 10%.
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Question #2 A Bacon Factory is located in a small town.Also in the town is a Water Park.
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Find a product that is sold at different prices for different bundles or different groups of consumers (strategic pricing).
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when walmart located in a smaller town, often the local retailers hardware, clothing and appliance are unable to successfully compete and are driver
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There are two types of labor in the economy: skilled labor LS and unskilled labor LU . Of course, skilled and unskilled labor earn dierent wages: WS...
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Question 3 Visit:gov The Bureau of Economic Analysis is the National Income Accounting arm of the Department of Commerce.
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Suppose the own price elasticity of demand for good X is -5, its income elasticity is 1, its advertising elasticity is 3, and the cross-price...
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Thank you so much. 1/ Suppose that a market is characterised by the demand and supply equation. Demand:
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The demand curve is given by QD 500 5PX 0.
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A new truck was purchased for $180,000 by trading in a similar truck that had a book value of $55,200.
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Sarah's preferences for consumption and leisure can be expressed as U(C,L)=4C1/2L1/2.
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If the income elasticity is negative 3.5, is this a substitute, complement, normal or an inferior good? Is this elastic or inelastic?
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Which of the following would cause an increase in economic growth?
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(1/2 page min, no cut and paste, site refs "no wiki") According to Diamond, define and explain "the Great Leap Forward" as it relates to human...
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You are given the following information about the economy of Nocoin: The banks have deposits of $300 billion.
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Consider this quote by Thomas Sowell:
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Consider the market where there is product differentiation with two firms. The firms are choosing prices p1 and p2 and have demands given by q1 = 40...
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The residents of the town Ectenia all love economics, and the mayor proposes building an economics museum. The museum has a fixed cost of $2,400,000...
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In recent decades, women have worked more hours in paid jobs and fewer hours in uppaid housework. Explain how this increase in work hours affect GDP...
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Robinson Crusoe produces upper-loop product of $1000. He pays $750 in wages, $125 in interest, and $75 in rent. What must his profit be?
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Consider an economy with a constant nominal money supply, a constant level of real output Y = 100, and a constant real interest rate r = 0.
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If an economy is operating inside its production possibilities curve for consumer goods and capital goods, it: A) must improve its technology to...
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Suppose that market demand for golf balls is described by Q = 90 3P, where Q is measured in kilos of balls. There are two firms that supply the...
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Please solve, so I can verify or troubleshoot problem. (a) For what values of x does this game have a unique Nash equilibrium? What is that
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Prior to beginning work on this discussion, read Tim Worstall's article, One Benefit of Nancy MacLean's Democracy in Chains - Public Choice and Rent...
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Price Discrimination There are two types of consumers with inverse demands P1= 202Q1 and P2= 162Q2. Assume for now that N1=N2 = 1. There is a...
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Problem 1. Market Entry (65 points) Setup For this problem, you will need to read the paper by Camerer and Lovallo (1999) posted on NYU Courses. We...
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A country which decides to join a Monetary Union expects a decreased ability to stabilize its output around the full employment level and keep
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The equation for the demand and supply curves for writing paper in Belgium are: Demand: Qd = 35 -0.5P Supply:
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Explain how a weakened banking sector (extremely low bank capital), rising foreign interest rates (The Federal Reserve has raised interest rates 17...
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100 words min, no cut and paste, cite refs Do you think that because people are moving to more cities and suburbs that they become more disconnected
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Allocation I: x 1 = 50, y 1 = 60, x 2 = 75, y 2 = 60 20. What is the value of MRS 1 ? 21. What is the value of MRS 2 ? 22. Is I pareto efficient (EF)...
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There is a classic story of how students need to test the feasibility study of their MBA decision which later can be fully addressed in company's...
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Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a specific year.
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56F Use the following graph showing a consumer's budget line and some indifference curves to answer the following questions. The consumer's income is...
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There is an ongoing debate about whether free trade is beneficial for the global economy. Choose whether you support free trade or if you prefer...
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"For you and your neighbour to specialise and trade, it must be that the price at which you or your neighbours sells the product is higher than its...
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1. Externalities - Definition and examplesAn externality arises when a firm or person engages in an activity that affects the well-being of a third
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Case Study: From Subsidies: Subsidy programs are likely to have a number of secondary effects in addition to the direct effect on dairy prices.
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1.What is job rationing and how does it relate to unemployment? Explain what factors can lead to job rationing? 2.What does a productivity curve
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Consider an economy characterized by the following equations AE = 10 + 0.75Y - 0.5P AS:
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You are given the following series of one-year interest rates: 3 %, 5 %, 13 %, 15 % Assuming that the expectations theory.
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A Bacon Factory is located in a small town.Also in the town is a Water Park.
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Suppose four firms engage in price competition in a Bertrand setting where the lowest- price firm will capture the entire market. The firms differ...
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25.4 A monopolist has a cost function given by c(y) = y^2 and faces a demand curve given by P(y) = 120 y. If you put a lump sum tax of $100 on this
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