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Using suitable diagrams and appropriate assumptions, Describe why two indifference curves cannot intersect.
If college education generates a positive externality, show graphically the social loss associated with the private market outcome of college education. Are there any interventions that would be useful to address the externality
students are willing to pay 700 for a computer and 100 for additional software. workers are willing to pay 500 for a
a generous university benefactor has agreed to donate a large amount of money for student scholarships. the money can
Historically, shifts towards a more expansionary monetary policy have often been associated with increases in real output. Is this surprising? why or why not?
1. What types of things do you need to consider if you want to change your default electives? What resources will you use to help you to make your decisions? 2. Are you satisfied with your default electives or do you think you should choose alterna..
Examine the graph of marginal benefits and costs of abatement below. Suppose regulators expect these curves to be as shown but are uncertain as to whether or not the marginal costs of abatement curve will be higher or lower than depicted
consider the simple regression model yt a b xt ut in which yt is total expenditure on travel and xt is total income
in the middle of the decade , the party was over, and coffee wholesale prices started increasing because of some shortages caused by weather and the rising overall market prices again. Where is the new equilibrium price
1. the owner of a tropical forest harvests timber so as to maximize his own profit from the land. this forested land
Assume that the Federal Reserve sells government securities from its existing holdings to financial sector and non bank public. Trace by the expected consequences of this secondary market action on banking system
Suppose your product is Wendy's hamburgers. First "draw" the demand and suppy curve and see how the equilibrium price and quantity is determeined.
VMIC Corporation has asked you to look at the following data. The interest rate is 10 percent.
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