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Compare the economic crisis in Greece with the banking crisis and the corresponding one suffered in the US at the same time. Do you think there is a link between these two events?
The production function is the: The higher the concentration ratio, the
Situation. You work as part of an analysis team for a consultancy that follows the semiconductor industry. Your boss saw the story from PC World and asked you to provide some analysis for an upcoming industry conference. The PC World article states t..
Utility producing firms often practice second degree price discrimination. How might this help consumer welfare?
How harmful is the public debt? Are you concerned about the public debt? Why or why not? Was it wise for the government to use expansionary fiscal policy during the Great Recession even with the effect on the public debt? Do you feel that the benefit..
For each of the following cost-output relationship, describe the shape (U-shape, Decrease, increase, constant) of the average total cost and marginal cost function (C=total cost, Q = output).
Consider a Keynesian model with partially sticky prices. Suppose households become morecautious regarding cash holdings. What can we say about the interest rate when this change occurs?
Suppose real GDP is growing at 3%, the money supply is growing at 10%, the velocity of monet is constant, and the real interest rate is 5%. How would the change in money supply growth (an increase by 15%) affect an investor's real profitability, assu..
Among the types of costs faced by a firm (short-run costs, fixed and variable, as well as long-run costs), how cutting cost can be accomplished? What are some specific examples of how firms have used technology to lower costs?
How does the presence of lactose in an E. coli cell lead to derepression of the lac operon? What enzyme is involved? What is allolactose?
A market analysis conducted by SUNY Canton suggests the following market demand and marginal revenue relations: Public Demand: PPU = 225 - 0.005QPU and MRPU = 225 - 0.01QPU Student Demand: PST = 150 - 0.01QST and MRST = 150 - 0.02QST Total fixed cost..
Do you think we should have perfect income distribution in this country and why do you feel the way you do? Currently, income gets re-distributed through income taxes, sales taxes, estate taxes, and things like that. If you don't think we should have..
U.S. policy to increase the miles per gallon (mpg) of new cars is to mandate an average mpg for cars sold by U.S. manufacturers. In many countries within the European Union, the policy is to tax gasoline so that the price per gallon at the pump is st..
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