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• Write a 1,750- to 2,450-word word paper in which you decide whether to purchase a house.
o Describe which principles of economics directly relate to your purchasing decision.
o Compare the marginal benefits and the marginal costs associated with your purchasing decision.
o Explain how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that decision.
o Consider the roles of the domestic economy and international trade in your assessment of the strength of the economy.
o Determine what situations or conditions could have led you to make a different decision.
• Assume for this project that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.
Describe why it is often asserted that exporters suffer when their home currencies appreciate in the real terms against foreign currencies and prosper when their home currencies depreciate in real terms.
Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.
Determine the effect of expansionary monetary policy in the AS/AD model when the economy.
The NFL wants to give the "common fan" the opportunity to attend the Super Bowl, Illustrate what is the equilibrium price also quantity.
Illustrate what are the three contingent environmental resource evaluation methods also Illustrate what is their significance.
Compute the net present value using the numbers provided. Assume that annual cash flows occur at the end of the year.
Explain how do you think which these individuals would rank the utility of these similar expenses for themselves.
Write the total and marginal revenue functions.
Assuming no other changes, if balances in money market deposit accounts increase by $50 billion and small-denominated time deposits decrease by $50 billion.
Illustrate what is being held constant when a demand curve for a specific product is constructed.
What would you expect to be the effect on interest rates if the Fed held the money supply constant.
Elucidate wether each of the following evens shifts the short-run aggregare supply curve, the aggragate demand curve both or neither.
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