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If a bank has reserves of $21 million and demand deposits of $200 million, how much are the bank's (a) required reserves? (b) excess reserves?
If a bank reserves of $100 million and checking deposits of $700 million, how much are the bank's: (a) required reserves? (b) excess reserves?
Why might price collusion occur in oligopolistic companies. Evaluate the economic desirability of collusive pricing.
A nominal rate of 14% should be used as the MARR. What equivalent annual interest rate is the second contractor offering? Which contractor’s offer would you accept? Repeat the analysis with the NPV technique.
Talk about why a government may want to impose price control. But in this case, does the Mugabe government achieve its intended purpose
Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient.
What is the difference between demand for insurance and demand for medical care?
Evalute with 95% confidence the decrease in percentage support between now and 6 months ago.
Suppose government now impose a tax, , on every unit of cheese produced. Graphically illustrate market after tax. Label tax revenues collected. Who bears more of burden.
Demand curve facing a firm in a perfectly competitive market each firm is so small and re are so many firms that none can affect price.
Panel B shows how the demand for X shifts when the price of related good Y increases from $60 to $68. Use the information in Panel B to calculate the cross-price elasticity. Are goods X and Y substitutes or complements?
Compute another firm in a competitive industry that faces a market determined price of $25. the firm is producing 10,000 units of output, and average total cost, which at its minimum value, is $25. Answer part a for this firm
Many cities have experienced a substantial decrease in the amount of garbage being collected after they changes from levying a tax on each household to pay for the pickup to charging a fee for each bag or can picked up.
Imagine that last year, Jennifer earned $80,000 in salary, and consumed $50,000 in goods and $23,000 in services. How could we best categorize the remaining $7,000.
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