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Describe how the aggregate demand curve is affected when there is expansionary monetary policy and when there is contractionary fiscal policy.
Calculate the predicted percentage change in tickets sold. Would you expect ticket revenue to rise or fall.
Atlas Transportation is considering installing temperature logger in all its refrigerated trucks for monitoring temperatures during transit. If the systems will reduce insurance claims by $40,000 per year for 5 years how much should the company be wi..
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
You are the manager of a firm that receives revenues of $60,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $1,500,000. Ranking the firms’ sales from highest to lowest, we find the top four firms’ sales to be $225,000, $195,000, $165,000, and $110,000, res..
If demand of new housing has continually increased together with the number of new houses built, what is the impact on the market price and quantity of new hous
A nation with a large current account deficit is consuming more than it produces or living beyond its means. Is this necessary bad? What is your judgment for the United States?
When the Federal Reserve utilizes open-marketplace operations to raise the Federal funds rate several times over a yr.
Development economists consider the phenomenon of child labor as an example of ‘bad equilibrium’. Discuss briefly any two alternatives to a complete ban on child labor.
A variation on the Renter model: Consider the following variation: There is only a single difference: we've changed tile exponent on production of the output good so that there is now n diminishing product to ideas in that sector. Provide an economic..
Explain what are the two main efficiency considerations from price discrimination (that is, the effect price discrimination has on welfare depends on which two key things).
Consider the following two player sequential game. Player 1 moves first and can choose either option Left or option Right. If he chooses option Left, then Playe
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