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To get you started concentrate on two distinct chapters in the Schiller textbook. See chapter 4 for an analysis of the problems of individual markets. See chapter 10 for an analysis of problems in the aggregation of markets.
A producer produces good y using inputs x1 and x2 according to the production function y = x1^(alpha)x2^(beta) where alpha + beta
Diseconomies of scale occur mainly because: of the law diminishing returs, firms in an industry must be relatively large in order to use the most efficient production techniques, of the inherent difficulties involved in managing and coordinating a la..
The biggest decision that Janet Yellen has faced in her year-old Federal Reserve chairmanship was laid bare in a single report on the domestic job market released Friday.The unemployment rate fell to 5.5 percent as job creation continued at a strong ..
Initially, suppose A is an incumbent monopolist (i.e., B is currently not in the market), what is the monopoly price, quantity, and profit? Invoking the Sylos Postulate, how much would B want to produce (i.e., B enters the market) if A stuck to t..
How much can Wells Fargo lend to developer who will repay the loan by selling first 6 view lots out of 13 lots at $190,000 each 2 year from now Assume the bank will lend at a nominal 14% per year, compounded semiannually.
List the four assumptions of indifference curves. If a consumer goes the grocery store to buy 5 pound potato and find 10 pound potato bag $1.99 and 5 pound potato bag is also for $1.99. Keeping in mind the assumptions of indifference curves, which..
Illustrate what percentage of the CEO's total earnings is tied to profits of the firm.
Sandra, a single taxpayer in the 35 percent marginal tax bracket, has $60,000 she can invest in either corporate bonds with a stated interest rate of 9 percent or general revenue bonds issued by her municipality
A rural utility company provides standby power to pumping stations using diesel-powered generators. an alternative has arisen whereby the utility could use a combination of wind and solar power generators, but it will be a few years before the ene..
how do we calculate the retail price index what are the problems of using the retail price index what are the advantages of inflation what are the disadvantages of inflation what are the remedies for cost-push inflation
Tangible would be the treatments themselves, i.e. the alterations they make. Intangible would be the uplifting experience, the sense of well-being, increased confidence etc.
Kimberly MacKenzie, president of Kim's Clothes Corporation, a medium-sized manufacturer of women's casual clothing, is worried.
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