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You are cultivating a strain of E. coli for research and inoculate a flask of rich media with 50 cells. Assuming an exponential growth rate of 2.5 cells/hour and that you need 1,000,000 cells for your analysis, how long will you need to culture the cells?
Clarify the factors that led to the change in supply or demand within the article and describe what occurred to change the demand.
Explain why does the government support public education when the private sector also provides this service and describe why labor productivity is important but not the only key to improvement in living standards.
Suppose you decide to withdraw $100 in currency from your checking account. What is the effect on M1? Ignore any actions the bank might take as a result of the withdrawal.
What is the equilibrium level of income and derive the savings function and find the level of savings in this economy
The level of investment down because of a lack of confidence in the economy. Interest rates are kept artificially low by the Federal Reserve for several years.
Important member of the Board of Directors only have some basic training in economics. So you should explain your results intuitively and use the language so that people with only intro level economics can easily follow.
Illustrate what Information do you require to perform a marginal analysis to identify the profit-maximizing output.
Compute the steady state levels of population. How might we transition between these two steady states and growth during the Malthusian regime?
Illustrate what are the major macroeconomic goals of all societies.
Consider an air basin with only two consumer, Huck and Matilda. Suppose Huck's demand for air quality is given by q_h=1-p where p is Huck's marginal willingness to pay for air quality. Similarly, Matilda's demand is given by q_m=2-2p. Air quality ..
Elucidate why the $5.15 minimum wage in New Jersey likely has less of a detectable impact on employment.
Bertand: If the firms compete on the basis of (continuous) price, what is the Nash equilibrium if the game is played once? A finite number of times? Explain clearly.
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