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Suppose that you value a hat from your favorite university at $20. The university bookstore has the hat on sale for $15. You purchase the hat but lose it on the way home. What should you do? Assume that losing the hat does not alter how you value it.
Go back to the bookstore and purchase another hat.
Wait until the cost of the hat falls to $15 or less before purchasing another hat.
Wait until the cost of the hat falls to $5 or less before purchasing another hat.
Do not purchase another hat regardless of the price.
Discuss the prospects for demand for the kind of automobiles manufactured by Hyundai in two countries: China and Turkey.
You took a $1500 loan today and agreed to pay $500 in year two, $500 in year 4 and $1500 in year 6 (final year). Find the interest rate you are being charged per year using.
the following production table provides estimates of the maximum amounts of output possible with different combinations
Also, assume that the current Federal funds rate is at the 3 percent rate that is targeted by the Fed. Now suppose that the Fed retargets the rate to 1.5 percent. By how much will the quantity of Federal funds have to change for the equilibrium to ..
1. list and draw all the graphs showing all the ripple effects that happen in the economy when the fed initiates
What is the group preference according to the plurality rule and what is the group choice according to the Borda count rule
economists often study and evaluate economic policies by country or region. as an economist evaluate different regional
the widget market is competitive and includes no transaction costs. suppliers are willing to sell five widgets at 30
Show how the consumer’s opportunity set changes if income increases by $300. How does the $300 increase in income alter the market rate of substitution between goods X and Y?
Your decision to pursue a higher-level degree is based on investment in human capital. What are the marginal costs and benefits of pursuing additional education and the inherent risks associated with this decision
An increase in the minimum wage could increase employment but decrease income. reduce employment and decrease income. increase employment and increase income. reduce employment but increase income.
The consumption function is given by:C=250+0.75Yd. What is the multiplier in this economy? Assume that the government spending increases by 100. By how much will equilibrium output increase?
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