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How the "financialization" of the capitalist political economy was central to the global economic crisis of 2008. (Explain what financialization is; how or why it arose as a resolution to earlier crises; and what specific features of it were important for the economy's destabilization.)
The ratio of consumer liabilities to consumer financial assets rose from just over 10% in 1950 to more than 30% in 2009. However, recent researches points to a number of factors that bear on the consumer’s decision of when and how much to borrow. Lea..
You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive stra..
An investor bought a racehorse for $1 million. The horse's average winnings were $700,000 per year, and expenses averaged $200,000 per year. The horse was retired after three years, at which time it was sold to a breeder for $175,000. Assume accelera..
Why a change in the way government might makes transfers to the poor change the poverty rate even if there is no change in the amount of money transferred?
Sally gets pleasure from good Y but gets no pleasure from good X. Tim gets no pleasure from good Y, but gets pleasure from good X. Draw indifference curves in an Edgeworth Box (place Sally's origin at the lower left and place good X on the horizontal..
British Airways Plc plans to set aside investment funds now for replacing 34 of the airline's aging long-haul fleet of Boeing 747s and 767s, which will be delivered 6 years from now. How much will the company need to have in its investment funded now..
What does it mean when we say that a firm enjoys increasing returns to scale? What are some factors that contribute to a firm achieving increasing returns to scale (or economics of scale) in the long run?
An unusually cold January in Florida destroyed entire fields of tomatoes. Florida’s growers are shipping only a quarter of their usual 5 million pounds a week. The price has risen from $6.50 for a 25-pound box a year ago to $30 now. - Source: USA Tod..
Thoreau has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C, L) = CL. The household also has a home production technology summarized by a production function.
Given the budget equation 5M + 10P = 100, where M represents movies and P represents pizza, the slope of the budget line is
She could also use her entire budget to buy 3 uglifruits and 8 breadfruits per day. The price of uglifruits is 8 yen each. How much is Natalie's income per day?
Suppose that the government decides to impose a tax on the producers of potato chips. How will the tax affect the potato chips prices and the quantities sold? Explain using demand and supply curves.
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