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Why is representative money more useful than commodity money? A. Representative money has value because the government says it does. B. Representative money exists in unlimited supply, so more people use it. C. Representative money is portable, durable, divisible, and acceptable.
Explain why do you think that whenever the government needs to raise their revenue they usually decide to increase the tax on items such as gas
Write a brief for the Central Banker of Ireland, outlining your recommendation on the interest rate that should be set at the next policy meeting.
Illustrate a supply or demand curve shift for the following article-The majority of grain and oilseed futures are traded on the Chicago Board of Trade (CBOT). Government estimates released on Monday, January 12, 2009 sent CBOT grain and oilseed
What is the "current macroeconomic situation" in the U.S. as of 2013 (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
The market is perfectly competitive with constant input prices, and each company has the same cost structure, described through the following table:
Suppose we have a random sample with 8 observations: x1=-2, x2=x3=-1, x4=x5=x6=0, x7=3, x8=8. Then density function of x is given by \(p(x)=0.5e^{-|x-\mu|}\) Find the maximum likelihood estimator for u.
Provide separate arguments to support your claims as to their slope, curvature, and the direction of increasing utility.
Use the following Information on a hypothetical short-run production function to answer questions a-c. Calculate the marginal and average variable product of each unit of labour input.
If the demand elasticity for a product is -2, and a profit-maximizing company sells the product for $10, determine its marginal cost?
Assume you are the plant manager for Bravo Pork Rinds, which produces pork products in a market that approximates perfect competition. Due to a slow economy, business has been slow and you are losing money every month. The owners have asked you wh..
Elucidate how could this technological change contribute to ending bottlenecks and rush hour congestion. What are some of the problems that might develop with such a system.
As sitting in your office one evening, you begin to think about some of the key microeconomic messages you need to communicate to the Board.
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