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Debra listens only to either Frank Zappa or Weird Al Yankovic. She currently buys 20 Zappa and 30 Yankovic downloads per week. She would forgo Yankovic downloads for one Zappa download at the rate of 2-to-1 whenever she has more Yankovic tunes than Zappas, but only 1 when the opposite is true. If you offered her 30 Zappas next week, how many Yankovic downloads would she need to remain at the same level of satisfaction? Be sure to show your work.
Determine, how the following will affect the slope of the output demand curve, and explain your results:
Explain why both marginal and average costs are believed to eventually increase in the short run.
Define and describe the difference between the absolute advantage and the comparative advantage.
The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
Explain why would this be described as a Prisoner's Dilemma game.
Differentiate among movement along and shift of the demand curve. Explain the relationship between market and aggregate supply and demand.
Elucidate the policy which change, you would recommend also how this change would be financed.
Explain the concept of externality. What does it have to do with the efficient allocation of resources?
Elucidate what the article is about in general which is followed by a paragraph or two explaining how elasticity is implied.
Should the Fed be independent or would we be better off with a central bank under the control of the president or Congress.
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
Give a brief summary of the GDP trends over that timeframe and discuss two or three events which may have caused these trends.
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