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Explain the most appropriate monetary and fiscal policy for our economy right now. Please explain your reasoning using economic data that our economy is experiencing from the Bureau of labor and Statistics.
Determine the range of prices for which the firm incurs a loss but continues to produce. Also determine the range of prices for which the firm earns a profit.
Company A has fixed expenses of $15,000 per year and each unit of product has a $0.20 variable cost. Company B has fixed expenses of $5,000 per year and can produce the same product at a $0.50 variable cost. At what number of units of annual producti..
Moli Labs Inc. is developing medical research on a certain anti-laziness pill. It is estimated that the lifetime value of the patent on this pill would be V = $1024 (in millions). The company can invest in many separate identical labs. Each lab costs..
Are there any good reasons to have 12 Federal Reserve banks scattered around the country rather than having everything run by the Board of Governors in Washington, D.C.? What are the costs and benefits? Suppose that you thought that someday you would..
An accident occured and an individual loses a leg. It lowers the individual's utility at each level of income but increases his/her marginal utility. Show diagrammatically the utility functions before and after the accident.
The average unleaded gasoline price for california residents on May 30, 2011, was $4.12 per gallon. Assuming that the base period (price index = 100) is 1996 and that the unleaded gasoline price for that year was $1.10 per gallon, compute the average..
What are the ways that designers force us to focus on necessary concepts of a play, or how designers force your focus to necessary concepts of the play? and How designers influence your emotions about those concepts?
One solution to the problem of gender imbalances in top careers is affirmative action give women extra consideration for top jobs, or equivalently penalize men. Explain the efficiency argument for doing this.
Assume the economy initially is in a long run equilibrium. Suppose the following shocks occur: U.S. fiscal policymakers decide to decrease government spending dramatically on all federal programs;
Which of the following raise the incentive for households to save?
Assume the mpc = 0.6 for an economy. Showing work, please find the effect (if any) on equilibrium real GDP of each of the following events (other things remaining the same):
the various types of vehicles that can be used by clients to reduce the various kinds if taxation.
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