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How do government regulations affect supply and demand? In a paragraph, explain how a government regulation to increase bicycle safety might affect supply and demand. The new government regulation requires bicycle manufacturers to put a chain guard on bicycles they make. Would that affect the supply of bicycles? Give reasons for your answer.
Electrotech, a maker of household smoke detectors, buys resistors for its smoke alarms for $.15 each. The resistor manufacturer marks-up the resistors from $.10. Does the resistor manufacturer’s mark-up necessarily represent profit?
Currently, the expectation is that the Federal Reserve will try to increase interest rates sometime later this year, while the European Central Bank will try to maintain low interest rates. What is the corresponding expectation of the future trajecto..
Or simply think about that dream job you hope to land. Be ready to tell an interviewer about the relevant fixed and variable costs.
a) Calculate expected frequencies under the null hypothesis of independence. b) How many degrees of freedom are available for testing this hypothesis?
What price does Bill need to sell the bond for to earn his desired return?
Why is the demand curve horizontal in a perfectly competitive market structure? Explain in terms of the basic market attributes.
Your starting salary is $35,000 per year. After one year, you are given a raise that increases your nominal salary. Which of the following salaries would you prefer the most? a $36,000 salary with a CPI of 103.0 a $38,000 salary with a CPI of 104.0 a..
What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users, versus the group of "social smokers"? Can we say whose demand is likely to be more elastic? Why?
What is currency crisis (or financial crisis)? What are the major stages of a financial bubble? Use one example (Mexican peso crisis, Asian financial crises, Argentine financial crisis, or 2008 financial crisis) to illustrate these stages. Facing a f..
Compute the expected costs and benefits of the decision. Offer advice on how to proceed. Compute the profit consequences of the advice
Explain and demonstrate the differences between "open" and "closed" fiscal policy multipliers (assume a fiat currency and floating exchange rates.) Also, discuss the small economy vs. large economy case in your answer.
List the characteristics of the 5 classes of Proteo- Alpha, Beta, Gamma, Delta and Epsilon.
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