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Question - The supply and demand curves for a given commodity are given by S(p) = 0.02(1 + p)2 and D(p) = 10e-0.02 p where S(p) and D(p) are quantities and the price p is measured in dollars.
Use the Malaren's series expansion to estimate the demand curve by a quadratic function.
Hence find the equilibrium price and quantity.
Find either the consumer's surplus or the producer's surplus.
Assume output Y and the real interest rate r are determined exogenously, and demand for real money balances is given by (M/P )d = L (i, Y ). Suppose some new technology arrives that causes people to expect Y to rise next year (with no change in Y ..
Using aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, explain the process by which each of the following government policies will move the economy from one long-run macroeconomic equilibrium to another.
Some people claim the “economic way of thinking” does not apply to issues such as health care. Explain how economics does apply to this issue by developing a “model” of an individual’s choice
Can you explain what operating margins (Op margins) are and what they have to do with a company's profits and business?
(Part A) Would this event cause the demand for the dollar to increase or decrease relative to the demand for the yen? Why? (Part B) Has the dollar appreciated or depreciated in value relative to the yen?
The CCD (Carbonate Composition Depth) is the water depth atwhich the rate of supply of calcium carbonates from the surface isequal to the rate of dissolution. Do you expect the Pacific Oceanto have a shallower or deeper CCD than the Atlantic Ocean..
Farmers whose crops were destroyed by the floods were much worseoff, but farmers whose crops were not destroyed benefited from thefloods, why?
What are the incentives of government bureaucrats who run public services such as the water services, the parking services, and the airports? Do these incentives differ from those of private companies in running these services? Why or why not?
Get Rich Company has to choose between two investment opportunities. Investment A requires an immediate cash outlay of $100,000 and provides after-tax income of $20,000 per year for ten-years.
Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.
Disclose what the book suggests once the short-term rate is much cheaper than the long-term in interest rate. Substantiate whether or not that is a normal occurrence or a cause for alarm.
When the price of oil was $95 per barrel, in the country of Wherever, 21,000 barrels of oil were produced per day. The elasticity of supply for oil producers in Wherever has been estimated to be 0.075.
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