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1. Which of the following is a macroeconomic question?
A How can a firm maximise profits, given the state of the economy?
B What is the impact of competition on the profits of a business?
C What factors determine the wage rate in an industry?
D How does a family allocate its income among various available goods and services
E How can economic policy fight inflation?
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. On average, noncust..
What, if anything, did you find surprising, particularly challenging, or interesting? From what you know about this course so far, what connections can you make to previous learing experiences, and how do you think this course will help you as you mo..
Suppose that autonomous consumption increases but that, unlike the situation in the simple Keynesian model of this chapter, some of this autonomous consumption increase is spent on imports (say an amount equal to MPM times the autonomous consumption ..
Evaluate the costs & benefits of Microsoft’s decision to produce the Surface tablet completely in-house in light of what you know about merged firms versus partners making complementary products. Why do you think they chose to produce it this way?
Maintenance costs on a bridge are $5,000 every third year starting at the end of year 3. For analysis purposes, the bridge is assumed to have an infinite life. What is the Capitalized Equivalent (CE) cost of these infinite payments, assuming an annua..
q1. are recessions a necessary fact of macroeconomic life? if not illustrate what would it take to eliminate them? if
If the Federal Reserve wishes to put upward pressure on market interest rates, what would it be most likely to do? How would it proceed to push the Federal funds rate in an upward direction? How would it lower the funds rate? Describe the trade-offs ..
If Cathy is still with the project when it is completed at the end of year 5, she will receive a bonus of $100,000. Her discount rate is 12%. What is the presen
What are the advantages and disadvantages of using a distributed vs. centralized database design?
Even though Federal Government spending is "counter-cyclical" why is it not necessarily the case that an improvement in the nation's economy.
Many movie theaters and restaurants offer discounted prices to senior citizens. According to Economic principles, the best explanation for this is that senior citizens tend to be
Illustrates your local electricity company’s natural monopoly. The diagram shows the demand curve for kilowatt-hours (kWh) of electricity, the company’s marginal revenue (MR) curve, its marginal cost (MC) curve, and its average total cost (ATC) curve..
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