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Arthur spends his income on bread and chocolate. He views chocolate as a good but is neutral about bread, in that he doesn't care if he consumes it or not. Draw his indifference curve map.
President Obama recently signed an executive order to protect up to 5 million undocumented immigrants from deportation. Is this good for the economy? Dems: Yes, Reps: No
determine the proper equations to find pw of each machine. the cost of money is 10 per
Lab experiments allow economists to test economic theory while holding all other variables constant. What are some downfalls of lab experiments?
Consider a farm with 1500 acres total where 1000 acres are in wheat and 500 are in soybeans. Wheat yield is 90 bushels/acre, wheat price is $3/bushel, and total operating expenses per acre are $100. Soybean yields are 35 bushels/acre, soybean pric..
Assume rubber hoses will be outlawed in 3 years due to water scarcity and watering regulations. My rate of interest on borrowed funds is 7.5%. What's the cash value of the firm if I want to sell it today
Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $10000 in currency into the bank and that currency is added to reserves.what level of excess reserves does the bank..
You are attending the yearly shareholder's meeting of PIC firm. A fellow stockholder points out that manager of PIC received $100,000 last year, while the manager of a rival company, CUP Enterprises, earned only $50,000.
Suppose a country has a money demand function ( M/ P)^d = kY, where k is a constant parameter. The money supply grows by 12 per year, and real income grows by 4 percent per year.What is the average inflation rate
The Textile Workers of America is planning to strike for higher wages. Management predicts that if the strike is successful, the cost of labor will increase to $100 per day. If the strike is successful, how would this affect the decision in part a..
Compute the profit-maximizing price and output combination.
the machining time per piece if 0.164 h and the machine loading time is 0.038h. with an operator rate of 12.80h and a
Suppose that deposits and bank reserves pay no interest, and that banks lend deposits not held as reserves at the market rate of interest. Who pays the inflation tax (measured in nominal terms), and how much do they pay?
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