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The marginal revenue of socks is given as MR=10Q-2Q. The marginal cost of socks is given as MC=50+8Q. How many socks will be produced to maximize profit? Please show steps.
Create a diagram of the U.S. banking system and the Federal Reserve System. Include special financial services of the banking system in your diagram.
Estimated the costs for the new facilities as based on declining, similar, or improving economies, and the associated probabilities.
Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas.
Suppose Clint's income is $100 a day and he spends all of this income on hamburgers (H) or hotdogs (D). Write an equation in slope intercept form for Clint's budget line given this information and measuring hamburgers on the vertical axis
Economically, socially, technically, and financially, our world is changing at incredible speed. Few of us today could imagine life without the internet. What will be the next big thing we will not be able to live without?
Explain the role of labor supply and labor demand in determining the incentives to return to equilibrium. Explain why unemployment falls when output rises. In the process, mention what happens to unemployment. What factors determine the job finding r..
Explain how an inverse-floating-rate municipal bond can be created. Who determines the leverage of an inverse floater?
Draw the new budget line and use the indifference curve to identify the change in quantity purchased and illustrate the income and substitution effects.
What is the market demand for apples in this market if Adam and Eve are the only consumers of apples? Suppose that Adam and Eve would both like to consume two apples a piece. What price per apple will they be willing to pay in order to consume this..
Presume that the dependent variable in your regression has a non-normal distribution, even after controlling for the x variables (In other words, MLR.6 is violated). Under what circumstances can the OLS coefficients and standard errors still are util..
where P is dollar price, Q is quantity in units and I is income expressed in thousands of dollars. Let the price of cookies and apples remain constant at $10 per unit for both goods.
Consider a firm that is making a cost-minimizing choice in the long-run for a given quantity of output, Q1. Suppose this firm has a cobb douglas production
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