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Primary production plays such an important role in life on Earth that it is studied in labs and featured in museums throughout the country. Pretend that you have been asked by a local museum curator to design an exhibit about primary production for a science museum in your area. Money is of no concern, so you have the funds to purchase any important species, artifacts, or other items that you feel should be in the exhibit. Choose two species, artifacts, or other items from this topic that you feel best exemplify primary production and its importance in the food chain.
Briefly explain how long-run equilibrium is different for each of the following types of markets: perfect competition, monopolistic competition, and monopoly.
Explain how banks are financial intermediaries. What are reserves? What are excess reserves? Explain how the Fed can affect the quantity of excess reserves in the banking system. Your response should be at least 75 words in length.
Compute private saving, public saving, and national saving. Find the equilibrium real interest rate. Suppose that government expenditures fall by 500: compute the new equilibrium interest rate.
Consider the following multiplicative demand function where QD = quantity demanded, P = selling price, and Y = disposable income:
What is DOHA and describe the "emerging market" and related countries' major disagreement(s) with the G7.
A $1000 face-value coupon bond has a 10% coupon rate, a maturity of 4 years, and a price of $960.
The economies-of-scale curve is a long-run average cost curve, because
The three essential pieces of information in the abstract section of an informal document are
Private savings, government savings and the national savings of the economy V. Is private saving the same as aggregate investment?
The discussion of price ceilings supposed that the medical industry faces increasing marginal costs of production. Suppose a for-profit, monopolistic hospital is experiencing economies of scale (i.e., downward-sloping average and marginal cost curves..
Apply Porter's five forces, what are the challenges to profits faced by Apple iOS Inc and Sirius XM Radio?
A firm can manufacture a product according to the production function:
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