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Explain how budget surplus and deficit are related to business cycles phases of expansion and recession.
What is the externality associated with an individual driving on a congested highway? how do tolls help alleviate this externality? How should tools be set? (Hint: would you always want the toll to be the same all day?) The steel industry pollutes th..
Explain the relationship between the price charged and the marginal revenue a monopolist receives from selling an additional unit. Provide a discussion that explains the relationship between the monopolist’s marginal revenue and its price elasticit..
What is the definition of consumer surplus? Provide two examples of consumer surplus for a specific purchase made in the past, one example from each team member
Introduction to Computers
How the ethics of an individual's actions within a corporation are affected by the ethics of the corporation and by the fact that the corporation operates
Compared with unemployment rate, employment rate is often believed to be a better measure of the labor market.
Use a graph of the market for possum fur to demonstrate the effect of its environmentally friendly status on the market equilibrium.
Robert’s New Way Vacuum Cleaner Company is a newly started small business that produces vacuum cleaners and belongs to a monopolistically competitive market. Its demand curve for the product is expressed as Q = 5000 – 25P where Q is the number of vac..
In our model of chapters 9-10, we said that output was "supply-determined" in thelong run, but "demand-determined" in the short run. Explain in your own words what this means. Explain why the IS curve is downward-sloping using the goods-market app..
In order to estimate the difference between the average hourly wages of employees of two branches of a department store, the following data have been gathered.
In December 1994 a man in Ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years. (His deposit weighed over 48,000 pounds!) With a reserve requirement of 12.5 percent, what will be the cumulative change for the bank..
What is the correlation between age and LOS based not these results and should the null hypothesis be rejected or considered?
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