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If the Federal Reserve changes the reserve ratio in the economy from 10% to 5%, explain the effect this will have on the broader economy in the short run and the mechanism for it happening. Use both the quantity theory of money and the money multiplier in your answer
Explain the law of diminishing marginal returns and Describe economies and diseconomies of scale
On their way to their chosen resturant, they see that the Mexican and French resturants are closed, so they use a Borda count again to decide between the remaining two restaurants. Where do they decide to go now?
you have worked as a real estate agent for 10 years and are earning about 100000 per year with your current agency. you
Industry and general pattern of change and hypothesize the basic short-run and long-run in a market economy
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Discuss what economic theory predicts will happen. Draw a supply and demand graph illustrating the effect of a minimum wage. Discuss what elasticity conditions would economic theory prove to be true or false.
Suppose the firm faces competitive factor markets and wants to minimize the production cost of producing y units of output. Write down the firm's cost minimization problem. Be very precise.
Discuss how these terms compare to each other in the world of health care economics. Some examples of terms are resources, quality, technology, and costs.
1. Explain the difference between general-equilibrium models and partial-equilibrium models. How are the numbers of endogenous and exogenous variables related to whether a model is a partial-equilibrium or general-equilibrium model?
Ipads and laptops are substitutes. Use a supply and demand to show what happens to price, quantity, consumer surplus, and producer surplus in the market for laptops (after a technological advance has reduced the cost of making Ipads).
a. in early march we received the news that in february the economy added 227000 new jobs exceeding expectations. at
Let NA = 8 years. The company is expected to be in this business for a long time and it is expected that there will be very little change in technology. To use either the EAW or the PW method to decide which machine is better, what assumption will b..
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