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Do you think Monopoly is bad for the economy? Show a Monopoly earning super normal profit and explain what are the loss to the society in terms of welfare (consumer and producer surplus) by comparing it with perfect competition?
In year 1 and year 2, there are two products produced in a given economy, cars and beef. Suppose that there are no intermediate goods. In year one, 200 cars are produced and sold at $15,000 each, and in year two, 250 cars are sold at $16,000 each. Ca..
Suppose that the minimum wage has been increase from $7 to $10, for people who are affected, what type of people will increase their hours of work
Monetary policy affects employment
Provide an in depth answer regarding the relationship between crude oil prices and the CAD/USD. What is their relationship? How does one affect the other?
Aside from maximizing profits, assess the factors that managers must consider when making the decision to outsource or integrate forwards or backwards considering which factor would be most influential for decision-making.
Observational equivalence. (Sargent, 1976.) Suppose that the money supply is determined by mt =c′zt−1 +et,where c and z are vectors and et is an i.i.d. disturbance uncorrelated with zt−1. et is unpredictable and unobservable.
A monopolist faces a demand given by p = 40 – 4y . Its cost function is c ( ) = 2 + 4 y . a) What is the optimal level of output for a monopolist? b) What is a monopolist price? c) What is the total profit (or loss)?
question 1an economy is currently in equilibrium and the following figures refer to elements in its national
Explain the concept of mark-to-funding accounting rule, proposed by Brunnermeier Et.al.(2009) ? How can this rule help reduce the problem caused by the mark-to-market rule ?
What are the important factors distinguishing these two economies from population growth, human capital, political systems etc. What the future holds?
An individual has $10,000 of non-wage income in his savings account. He earns $200 per hour, and can choose to work up to 24 hours per day. What does his budget constraint look like in terms of consumption (C) and leisure (l)?
What parts of Lenin's analysis do you think Keynes would reject? Explain.
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