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How does economics fit into THE Christian world view and how SHOULD economic understanding impact the way Christians think about the world.
Using supply and demand diagrams, show that regardless of who the tax is levied on consumers or producers, a tax increase the price paid by consumers
The book discusses the Efficient Market Hypothesis (EMH) and its three forms. The EMH has a lot to do with information and stock prices.
The Dolan Corporation, a maker of small engines, determines that in 2012 the demand curve is: p=2000-50Q where P is the price (in dollars) of an engine and Q is
Monster Conglomerate Inc . (MCI ) manufactures paper clips for the Pentagon. At its current capital stock it produces paper clips with t he production function: y = 8.5L - 0.5 L2 where L is the number of workers employed. What happens to the quantity..
Why does seasonal or cyclical variations matter in estimation models? What is time series model and why is used?
Suppose that right now the AE schedule is: Y=5000 - 200r (where r is the real rate stated in percentage terms). Both expected and actual inflation are zero.
The next two questions refer to the following problem. A risk-neutral worker can provide high effort (at personal cost $14) or low effort (at zero cost). A high effort worker contributes $X to the company’s revenues, a low effort worker contributes $..
Dan and Neil are playing Settlers of Catan. Dan has rolled a seven and just put the stopper on a Field which touches one of Neil’s Settlements. Since Dan is a real jerk store, he decides to steal one of Neil’s two cards. Does Dan have a dominant stra..
There is strong tendency for oligopolists to cheat on collusive agreements because: When there is demand-pull inflation, people's total spending in the economy will be falling.
The Cobb-Douglas production function is given by: Y = AK^(α)L^(1−α) where 0
A car dealer is offering three types of cars: compact, SUV and sport car.
Apples are bought and sold in a competitive market. Use a graph for the apple market and a graph for an individual firm to demonstrate that firms are earning economic profits. Explain, without using a diagram, whether the situation in (a) can be main..
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