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Select a scene from your childhood that brings back happy memories. This might be the bedroom where you grew up, a park, a meadow or field, a vacation spot your family visited, a classroom, etc. Create two paragraphs presenting this setting to your reader. Do not tell the reader an exact thing (my old treehouse) or an exact place (Miami, Florida), but instead use your words to create a full picture of the setting using what sensory details (sight, smell, taste, touch, hearing) that you feel will 'best' do the job. For paragraph 1: Describe the setting from up an upclose viewpoint. For paragraph 2: Describe the setting from a more distant viewpoint.
Explain how does the U.S. Government correct for this apparent market failure.
If short-run economic profits are greater than zero for firms in a monopolistically competitive market, in the long run we expect:
Explain and show graphically the effect on the supply and demand for Bonds in a deflationary period. What is the effect on interest rates and the quantity of bonds.
Describe the differences between the substitution effect of a wage increase and the income effect of a wage increase
What initially appears to be the problem? What really is the problem(s) in this case? How easy is it to switch suppliers? Why do firm’s single source contracts? What does it mean to get to the root cause of a problem?
Calculate the after-tax nominal interest rate, then subtract off inflation to get the after-tax real interest rate for both cases.
Even among professional sport players, the salaries for players in some sports are generally significantly higher than the salary in some other sports. Elucidate how does this make sense using supply and demand in a market in equilibrium.
How would you characterize the competition (market structure) in the restaurant industry? Are there submarkets? If so, do these submarkets have distinct competitive pressures? How may a restaurant maximize profits?
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 6%, the growth rate of the velocity of money is 2% and that the real economic growth rate i..
Analyze these indicators and prepare a 3-4 page report elucidate the expected short-term impacts on firms in any one of the following five industries in terms of product sales.
q.use demand and supply curves feel free to use graphical depictions but it is not required to help you determine the
A company uses 20 work units and 30 units of capital to produce 4,000 units of product. In this combination the marginal product of labor is 50 and the marginal product of capital is 40. The price of labor is $ 30 and the price of capital is $ 20. Th..
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