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Think about the last time you took a series of tests in a short period of time(high school or college). How did you decide how much time to spend studying for each subject? How might the study of economics help you make that allocation decision in the future? ( employ marginal analysis)
consider the following islm model for a closed economyc4000.4yd i2000.3y-2000i g360t400 mp4y-100000ims2600 10
Suppose the airline industry consists of two firms, A and B. These two firms engage in Cournot competition with each other over a certain route for which inverse demand is P(Q) = 1000 − Q with Q = qA + qB. Solve for the Cournot equilibrium price.
Suppose that the Fed intervenes in the foreign exchange market to lower the value of the dollar. Assuming that domestic and foreign assets are perfect substitutes, use T accounts of the Fed to show how an unsterilized foreign-exchange intervention di..
Why is a point below the production possibilities curve less efficient than a point on that curve?
Discuss the predominant pricing strategy within the video game industry. Make sure to comment on the degree of market power (i.e., the ability to set price) possessed by firms in the market/industry. Consider the role of pricing practices such as pri..
study of individual behaviour - individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.
If demand is represented by Qd = 50 - 0.5P + 0.005I where I = $50,000 and supply is represented by Qs = 100 + 0.4P -2W where wages (W) = $15.00, compute the equilibrium price and quantity. What happens if income falls to I = $40,000? Please show all ..
Assume that wages and prices are completely and immediately flexible. Assume that oil prices increase in the United States.
The war in Iraq comes to an end. Iran and Afghanistan lay pipes to generatemore oil. The United States and Venezuela enter into an era of friendship. Which of the following correctly captures the effect of this change on the market forgasoline?
How did World War II end the age of European colonialism and empire and usher in the Cold War? Why did European political and economic dominance decline between 1945 and 1979 yet the ideologies produced on this small continent continue to have such p..
Evaluate the U.S. nursing shortage in terms of demand and supply.
Consider the following: Clark was considered to have “thought out the concept of marginal utility and its influence on exchange value” without having read Jevons, even though Jevon’s had already published. Discuss how this affected his contributio..
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