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Describe a recent price change that you have observed in some good or service that you purchase. Then, give a possible (reasonable) explanation for that price change and discuss why this is the likely cause of the price change. Choose something other than gas or oil. Make the explanation for the price change refers to the list of supply or demand shifters such as The cost of production, The cost of resources, The number of producers, Expectations, The demand for related goods., Subsidies, and taxes.
Does valuing a CDS using actuarial default probabilities rather than risk-neutral default probabilities overstate or understate its value? Explain your answer.
What do cities do to try to balance out the inefficiencies arising from the three often conflicting criteria for determining optimal jurisdiction size? Be sure to describe the two frequently used methods.
Polls are a very important and commonly used data-gathering technique. This discussion will look at Gallup polls. How was the poll conducted and how many people were surveyed? What were the questions asked in the poll? What were the results of the po..
how many pineapples will she consume? If her income increases to $120, how many grapefruits will she consume? Are grapefruits a normal or inferior good?
How can we account for the upheaval in orientation from focusing on product profitability to focusing on customer profitability? If it's such a good idea, why didn't companies operate from the perspective of building customer value 50 years ago?
An article in the Chinese economy in 2012 notes that business inventories had been increasing. As a result, the author argued: "China's growth rate will not be as robust as it has been over the last few years, as the economy needs to work off this ex..
Choose two products that are substitutes and another two products that are complements
The table below includes data for a one-year period required to calculate GDP for this economy. All figures are in billions of dollars.
What is the equilibrium Price and Quantity in the market? Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
What is the difference between GDP and National income? How do both (GDP & National income) relate to economic growth? Explain.
Consider a market with two goods, x and z that has the following utility function. What is the marginal rate of substitution. Calculate the decomposition bundle associated with price change. Calculate the income effect, substitution effect and total ..
Determine the time required to produce the 2000th item if the first item requires 180 minutes to produce and the learning-curve percentage is 92%.
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