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1. What factors drive differences in electricity consumption intra-day?
2. What factors drive differences electricity consumption seasonally?
3. Why is Alberta's demand so highly correlated with its GDP?
4. What impacts will electrification of end use products have to demand?
Provide an example of a positive production externality, either one you have read about or found through research, or one that is hypothetical. The example should clearly state what benefit arises out of the production, and how this benefit without t..
You are the manager of Copies Are Us. The only other copy store in town, the Carbon Copy, recently got bids on adding a color copier. You must decide whether to obtain a color copier, but you can base decision on what your rival does.
Suppose that Elsa's preferences over baskets containing gasoline (good x), and food (good y), are described by the utility function U (x; y) = xy + 100y. The marginal utilities for this function are, MUx = y and MUy = x + 100: Use Px to represent the..
Predict the financial stability of the health care industry over the next three (3) years. Provide support for your prediction.
Do you believe produces take the time to actually calculate AVC, AFC and ATC? Or are these concepts just for textbooks and college professors?
When she hired a fourth worker, her total product increased but by only 1,000 bullfrogs. Yolanda pays $1,000 a week for equipment and $500 a week.
Which of the following is true concerning production in a free market economy? Which of the following represents how private property rights act as incentives in a free market economy?
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil.
Be able to discuss how changes in income affect the average and marginal propensities to consume and save – and how economists use this information and how what they do can lead to changes in interest rates, affecting individuals in the economic syst..
Why is a large GDP a good thing? Give an example of something that would raise GDP but would be considered undesirable and explain.
If the Federal Reserve changes the reserve ratio in the economy from 10% to 5%, explain the effect this will have on the broader economy (e.g. GDP) in the short run and the mechanism for it happening. Use both the Quantity Theory of Money and the M..
Why is the relationship between unemployment and inflation different in the short-run and the long-run? Examples are helpful.
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