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What role do nominal rigidity play in the analysis of business cycle models?
If the regulator wants to use a transferable emission permit scheme to achieve industry abatement of 50%: How many permits will it need to issue? If each firm receives one -half of the permits at no charge initially, explain what permit trading will ..
1) An advantage of the establishment survey over the household survey of the labor market is that the establishment survey
Draw the Edgeworth box of this situation and draw the contract curve. What dowe know about the proportion of peanut butter to jam held by Adam in any equilibrium?
What would the excess reserve be for the problem below? Devry Bank has $44,000 in demand deposits and $15,000 on total reserve with a 10 percent (i.e. 0.1) reserve requirement. How much can the bank loan out or what is the excess reserve? What’s the ..
Which of the following observations would be consistent with the imposition of a binding price ceiling on a market? After the price ceiling becomes effective.
1. Is all households consume the same goods and services? 2. What is true about the tastes and preferences of each individual?
Consider a model of unemployment where the change in the unemployment rate (u) is given by Δu = (b+s)-(b+s+f)u, where b is the rate of entry in the labor force, s is the separation rate, and f is the job findings rate. Derive an expression for the st..
When considering the decision whether to buy a new press machine for your publishing house, which of the following costs will you NOT consider?
What is his taxable income, tax, marginal tax rate, and average tax rate? (Answer: tax = $7227)
Compare and contrast the global marketing strategies of Samsung, Sony and Phillips after listing two or three elements of each company's global marketing strategy.
What are the effects of innovation and technology on the cost of production? How does technology affect market structure and real-world competition? Which market structure is best suited for technological innovation? Explain your answer. How have tec..
Let the inverse demand curve be p(q) = a − bq. Suppose there are two firms, with constant marginal cost equal to C. If both firms move simultaneously, what are their equilibrium strategies and what is the equilibrium outcome? Compare the efficiency ..
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