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In principle, which functions of money can digital currencies such as bitcoins perform?
In equilibrium, what is the price and quantity of toasters? What kinds of toasters are bought and sold and which option will a low-quality producer choose
Illustrate what is the best measure of economic well being of individuals in society.
In response to the Great Recession a number of European governments adopted austerity policies which cut government spending on goods and services. Assuming no change in autonomous consumption or in autonomous investment, explain whether such an aust..
Boston’s Central Artery Project, informally known as “The Big Dig” was rebuilt at a cost of roughly $15 billion. Your engineering firm has been hired to calculate what toll should be charged to cover the bond payments. Suppose the highway carries 200..
q.a brewery is considering two potential production investmentsoption a costs an initial 2 million as well as will
Fred’s Hardware and Hobby House expects its sales to increase at a constant rate of 8 percent per year over the next three years. Current sales are $100,000. Forecast sales for each of the next three years. What are some of the hazards of employing a..
Suppose the economy's production function is Y = A(300N – N^2). The marginal product of labor is MPN = A(300 - 2N). Suppose that A = 10. The supply of labor is NS = 0.05w + 0.005G. what are the real wage, employment, and output?
An externality arises when a firm or person engages in an activity that affects the well-being of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is adverse, it is called a negative ex..
Using simple diagrams, show how each of the following, in theory, affects (i) the supply of food for urban consumers, and (ii) the welfare of a representative agricultural household:
The local swimming pool charges non-members $10 per visit. Members pay $5 per visit, and an annual fee $F. Draw a diagram where the horizontal axis measures the annual number of visits, and the vertical axis measures $ spent on all other goods. Suppo..
Developing an integrated approach to marketing a product, service, or idea ensures that the 4 Ps are compatible. There are some products whose value or utility are challenging to define and must be remarketed to existing or new target audiences. What..
Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b? Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b? What is the utility maximizing or optimization condition?
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