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Find the amount of consumer surplus(CS) for a linear demand P = 20 - 2x, when (i) P = 0 and (ii) P =10 What is the maximum and the minimum amount of CS a consumer can have for this demand and at what prices?
Whenever the economy goes into recession (as occurred most recently in 2008), consumption in the United States decreases. If the economy went into a recession, but you were not directly affected, do you think you might change your consumption pattern..
Please explain the significance of laws to protect employees from collectively bargaining from the perspective of diverse stakeholders. Please explain the different classifications to protect employees from discrimination.
It is a common belief that social security benefits will run out in the near future. How can we save social security?
One solution to the problem of gender imbalances in top careers is affirmative action give women extra consideration for top jobs, or equivalently penalize men. Explain the efficiency argument for doing this.
In data smoothing, sometimes one can use the simple exponential smoothing method. What are the main disadvantages of this method? Then, what is the next best alternative method? Why? Explain.
Describe how changes in technology contributed to the globalization of markets - Explain how the Internet affects international business activity and the globalization of the world economy.
illustrate what was the size of the economy's recessionary, inflationary gap
Based on what you have studied so far in this course, discuss and describe some aspects of macroeconomics that an be useful in your future (...yes, it can be aything we discussed in this course - Macroeconomics). Your discussion should be more than h..
Consider the following short-run production function: q = 5L^2 − 1/3L^3. Derive a marginal product of labor. Derive an average product of labor. At what level of L is the average product of labor maximized?
Assume the return on a 1 year domestic bank CD equals 3%. The return on a 1 year European bank CD equals 5%. Assume there is no default risk and no other transactions to prevent exchange rate risk. If the euro is expected to depreciate by 4%, a saver..
Honda uses flexible plants in manufacturing of its cars. Discuss where this method of production results in optimum output.
Consider a two-period economy with a single commodity (say leisure): X_1 is the consumption of leisure in period 1, and X_2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his ..
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