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Explaine what a stock variable and a flow variable is by using examples.
The fashion (clothing), consumer electronics, fine fragrance industries are knwon to practice or have practiced resale price maintenance. In each case,indicate the probable motivation for RPM and the likely welfare consequences.
Suppose a monopolist producing Q units of output faces the demand curve P = 20 - Q. Its total cost when producing Q units of output is TC = F + Q2, where F is a fixed cost. The marginal cost is MC = 2Q.
Write in words (or in mathematical symbols) the formula for the coefficient of price elasticity of demand. What are the numbers or ranges of numbers that correspond to (1) perfectly elastic demand; (2) elastic demand? Give a realistic example o..
According to the Bird and Borio readings, global economic imbalances arise over time and are often the usually the result of financial or structural economic
explain how the short-run phillip curve the long-run phillip curve the short-run aggregate supply curve the long-run
What situations might cause a currency to depreciate in value? To appreciate in value? To be devalued? To be revalued?
The price of Good X is given by PX = $10. The price of Good Y is given by PY = $25. What is the slope of the budget constraint?
What does a "more hawkish view" of inflation mean? What implication does this have for the monetary policy we can expect to see from the Fed?
Define the savings-investment identity, being sure to discuss each of the components in the identity.
What is the group preference according to the plurality rule and what is the group choice according to the Borda count rule
explain game theory optimal decision making analyzing payoffs and dominant strategyare large banks fragile or
Provide an evaluation of the current political climate related to health care and define how the DNP can positively impact through policy or advocacy.
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