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How did the $2.2 trillion dollars CARES Act of March 27, 2020 affect Federal Government revenues and expenditures?
If a bank reserves of $100 million and checking deposits of $700 million, how much are the bank's: (a) required reserves? (b) excess reserves?
Assume demand is given by: Qd = 80 - 4p. Assume supply is given by Qs = 40. What is the elasticity of supply? What is the market equilibrium?
How can behavioral economics be used for as a student? How can it be apply and use behavioral economics if were a small business owner?
A man is planning to retire in 20 years. He can deposit money for his retirement at 12% interest rate compounded monthly. It is estimated that the future general inflation (f) rate will be 4% compounded annually. Assume that his first withdrawal occu..
Quentin has been using his credit card too much. His plan is to use only cash until the balance of $8,574 is paid off. The credit card company charges 18% interest, compounded monthly. What is the effective interest rate? How much interest will he ow..
When the late Francois Mitterand was the president of France, he instituted a number of programs designed to appeal to his “blue-collar” constituency. He raised the income tax rate applicable to the rich and expanded the free, government-provided soc..
What happens to the optimal coinsurance rate β (insurance demand), if we vary policyholder's level of risk aversion? What happens to the optimal coinsurance rate β (insurance demand), if we vary policyholder's wealth w? What happens to the optimal co..
Let u(x, y) denote a utility function where x is the quantity of good X and y is the quantity of good Y consumed. Assume the quantities can take any value greater than or equal to zero and that the utility function has strictly positive marginal util..
determine the breakeven output and total sales revenues. determine the output that would generate a total profit of $60,000 and the total sales revenues at the output level (Do not draw chart)
There are those that are for increasing the minimum wage. Many fast food workers would like to see it increase to 15 dollars per hour.
In 2008 the rise in oil prices due to p AS speculation that growing demand in Asia would keep oil prices moving up led to an increase
Please explain in detail the U-shaped marginal cost curve and its exceptions for someone who trying to learn this topic.
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