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Question: Explain a current market equilibrium in your work, school or personal life Shift demand and supply, forecast what will happen when demand, supply, or both shifts, (you can discuss any topics including cars, housing, supplies ect) Describe real phenomenon using shifts in demand and supply (start with data, then explain what happened, e.g., why does the daily price of gasoline increase in the summer and decrease in the winter?
Let (x1, x2) be some interior bundle on the budget constraint, and suppose p1 = 4 and p2 = 2. If the marginal rate of substitution at (x1, x2) is -3
If money is worth 10% compounded monthly, compute the present value of a perpetuity of 2.500 payable quarterly.
Consider the market for tuna, which is a price-taker market. The long-run equilibrium price is $3 per can of tuna, and the long run equilibrium quantity is 600 million cans per year. suppose the surgeon general issues a report saying that eating t..
Should a nation tend to export or import goods for which it has a comparative advantage? Explain. Saudi electronic university. Econ 201.
Consider Bob, he washes his car by hand rather than taking it to the local car wash. When asked why he washes it by hand, Bob explains "you should never pay for something you can do yourself." Evaluate the validity of Bob's statement.
Since a monopolist has some discretion over the price of its product, how is it possible for this firm ever to experience a short run loss? specifically, why can’t the firm simply charge a price that always exceeds its cost?
Identify an event within the last 6 months that triggered a response in you to engage with the issue or topic. It could be something at home, at work, among you
Why are inflation expectations so important to modern monetary policy? What are several ways that central banks try to manage inflation expectations?
Consider the following market demand and supply functions for a commodity Qd = 20000 - 400 P , Qs = -4000 + 800 P - Determine the equilibrium price and quantity.
The price of Burger King's Whopper hamburger declines and mcDonald's distributes coupons for $1.00 off the purchase of a Big Mac.
Determine the motivational strategy or strategies that would likely be most appropriate for each of your three employees based on their individual characteristics,
1. what is meant by a hard - landing adjustment to global inbalance?2. what combination of domestic cionditions would
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