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he following table is the monoply's TR, MR, TC, and MC. Please fill in blanks in the table for AR, MR, MC and Profit.
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Two boxers, Brutus and Floyd, are training to fight each other. Each boxer is considering whether to take steroids to improve his chance of winning...
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We are working on supply and demand in my economics class.
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ce between real and nominal GDP? 2 ) and explain why do economists need to make this distinction? 3)Is the CPI a biased measure of the inflation rate?...
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Suppose a firm's production function is given by q = 2L + 2K. The firm's target level of output is 20. Suppose that the wage rate is $5 per hour...
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An owner can lease her building for $120,000 per year for three years. The explicit cost of maintaining the building is $40,000, and the implicit...
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1) Suppose the budget constraint is given by wL = pq, where L is labor hours, w is the wage, q is a consumption good and p is its price.
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Go to the St. Louis Federal Reserve FRED database, and find data on the total government debt as a percentage of GDP (GFDEGDQ188S) for the United...
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consumers increase their spending on electric cars by 100 percent, and 100 percent more electric cars are produced, this is known as the majority...
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Recall exercise 2 from Chapter 4 in which an increase in the toll on a highway from $.40 to$.50 would reduce use of the highway by 10,000 cars per...
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Suppose PPP holds. Initially 85 yen () buys the same in Japan as 1 Canadian dollar (C$) buys in Canada. (a) What is the nominal exchange rate between...
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That is why the jump in May's unemployment rate - from 7.2 percent to 7.5 percent, the highest during this business cycle - caused dismay. Yet this...
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In any economic slowdown, the unemployment rate rises, first and foremost, because employment growth slows or actually goes into negative territory.
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Graph Problem Use the graph to answer questions below.
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You may be familiar with stories (even from your own experience) of employees who choose to denigrate or subtly sabotage their fellow employees
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Suppose there are 300 million able-bodied, working age adults in a society.
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The table shows the production function of Betty's Pies:
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How do I do an econometrics project?
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Discuss the concept of a pure public good with a few examples, the Pareto optimality in a perfectly competitive world of two individuals, A and B,
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QUESTION: A noted economist has conducted a statistical estimation of the demand for gasoline in the U. that yielded the following elasticities:...
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A bookstore owner increases the price of art books to $25. Which of these would occur?
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Question: What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation,
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(Shifts in the PPF) Terrorist attacks foster instability and may affect productivity over the short and long term.
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Other things equal, what effects would each of the following have on aggregate demand and aggregate supply?
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Hi, can someone give me the correct answers?
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Due Week 9, worth 175 pointsThis assignment is aligned to this course outcome:Apply macroeconomic concepts to current and personal economic events and decisions.In addition to writing about macroecono
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Suppose your country, lets call it Snow, pegs their currency to the US dollar and that the Federal Reserve embarks on a highly accommodative monetary...
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Pump priming is governmental deficit spending. That concept has been the basics of all stimulus spending ideas.
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Suppose a firm is employing two inputs, labor (L) and capital (K) to produce output. The marginal product for each inputs is given below.
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Assume you are selling a product in which at a price of $10, you can sell 90 units. When the price increases to $11, you can only sell 63 units.
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Synchron Corporation borrowed long-term capital at an interest rate of 8.5 percent under the expectation that the annualinflation rate over the life...
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Question: Cost functions, a part of the definition of profit, are useful to gauge the performance of the business. Suppose an economist estimated...
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I asked for an extension already and I have to 11pm CST. I tried to get assitant 3/11 but needed to clarify the question than I resubmit on 3/12 and...
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Each of the following describes the situation currently faced by a perfectly competitive firm. In each situation, determine the firm's profit and...
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Assume we have a perfectly competitive industry facing constant costs which have reached a long-run equilibrium at price P.
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Assume you are tasked with forecasting the macroeconomy (quarterly forecast for the next four quarters, updated monthly) for a policy entity or...
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The elderly are now the richest component of the population; less than 10 percent of the elderly live in poverty, and there are many tax breaks
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Assume the demand being perfectly inelastic, and supply suddenly doubles due to innovative technique of production.
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federal budget deficit affect the economy? How does it affect the level of investment and interest rates? How does it affect the individual consumer?...
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How does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter?
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identifying and describing the conditions you observed for a business in Monopolistic Competition or a Differentiated Oligopoly who differentiates...
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Assume that two power plants, Firm 1 and Firm 2 release sulfur dioxide (SO2) in a small urban community that exceeds the emissions standard.
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Output Average Fixed cost Average Variable Cost Average Total Cost Marginal Cost Price Total Revenue Marginal Revenue 0 $ 345.00 1 $ 180.00 $ 135.00...
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""A monopolist with a straight-line demand curve finds that it can sell two units at $12 each or 12 units at $2 each. Its fixed cost is $20 and its...
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The difference between nominal and real variables is that: Select one: Real variables have been adjusted for inflation b. Real variables include...
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The following list shows 4 shocks from the AD/AS model. Which of the shocks are aggregate demand shocks?
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Which of the following changes would increase structural unemployment?
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Profit Maximization with Multi-products Now suppose that you were a car company's production planner.
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You are asked to consider the following scenario.
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Practice 1: Data Integration (14 points) Integrate data in SQL database (8 points) Supposed that you are the data scientist in Northwinds.
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