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Differentiate among the different types of corporations. Can you supply an example of each type?
In a crowded city far away, the civic authorities decided that rents were too high. The long-run supply function of two-room rental apartments was given by q = 17 + 4p and the long-run demand function was given by q = 304 – 5p, where p is the rental ..
You are the manager of a business in a competitive market and your production technology is described by the total cost function. Determine the optimal quantity to produce and compute the profit of your business. Determine the optimal quantity to pro..
Can policymakers stabilize both the price level and real GDP simultaneously in response to a short-lived but sudden rise in oil prices? Explain briefly.
Illustrate what additional effects follow this initial effect. Illustrate what is total effect of tax cut on aggregate demand.
What was the absolute amount of increase in real income? - Make your calculations of the percentage change in real income and the absolute change in real income using the approximation formula and using the more precise method with index numbers.
Assuming that the current production rates are maintained at the three congress plants, that unusual should management select.
In 2012, the U.S. inflation rate was 2.1% and output was 4.8% below its long-run potential output due to the slow recovery of the economy. Assuming that the inflation target is 2% what would be the federal funds target rate if the FOMC used the Taylo..
The required reserve ratio is 10 percent, a bank has checkable deposits of $200 million and excess reserves of $100 million. Assuming the bank is meeting its reserve requirement, what amount is the bank holding in reserves?
politicians are often heard saying that tuition at state universities should be kept low to make education equally
Suppose a firm sells 20,000 units at a price of $10, but sells 40,000 units at a price of $8. Calculate the price elasticity of demand over these prices using the arc interval formula. Determine if the price elasticity if demand is elastic, inelastic..
full over the last month, are you optimizing. Illustrate wow about if it is 75% full at 9 am.
Axelrod and Hamilton in "The Evolution of Cooperation" discuss the stability of the reciprocal strategy TIT FOR TAT. Is TIT FOR TAT an evolutionary stable strategy (according to the technical definition of ESS - see Skyrms, "Evolution" on blackboard)..
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