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Suppose there is a permanent decrease in demand for gym memberships.
Explain how you think this would impact profits for firms in that market in the short run, and in the long run
If G= (V, E) is a directed graph with V = {1,2,...,n}, for all u in V, define L(u) to be the smallest integer v such that there is a path from u to v. Write an O(V + E)-time and space algorithm that, given a directed graph G = (V,E), computes L(u)..
Explain why only two of the three objectives can be achieved at any point in time also they want to fix the nominal exchange rate, in order to stabilize the price level.
Let W represents an individual’s annual earned income and U(W) = (W/10)0.5 is this individual’s von Neumann-Morgenstern utility index (or utility function) . This individual earned income is $49,000. This individual faces the prospect of a 20% chance..
What is taxable income for the first year, and how much should the company expect to pay in taxes?
Briefly explain how long-run equilibrium is different for each of the following types of markets: perfect competition, monopolistic competition, and monopoly.
The following graph represents the world market for oil. The Organization of Petroleum Exporting Countries (OPEC) produces a large portion of the world's oil. Suppose OPEC representatives get together and agree to limit the global production of oil. ..
The first effort at converting “republican ideology” into a real government resulted in the Articles of Confederation. What were the strengths/weaknesses of this government? Why did the Founders create this government? After only a decade America’s l..
Given that "high-value forage" is an input for the production of beef, how is the market for beef impacted by the drought? What happens to the equilibrium price
The chief of security for Mall of the Dakotas was directed to study the problem of missing goods. He selected a sample of 100 boxes
Recently, you saw that StubHub was listing similar seats for $225 apiece. What does it cost you attend the concert?
Distinguish between Positive Economics and Normative Economics. GIVE EXAMPLES.
Identify two of the economic principals that you want to learn more about and why. Discuss a recent price increase of a product or service
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