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Suppose that there was an unexpected decrease in demand for Australia's iron ore exports globally. Explain what this would do to Australian Dollar exchange rates, and how this would impact other exporting industries, other import-competing industries, and domestic consumers.
You decide to start a business that provides computer consulting advice for students in ur residence hall. what would be an example of an implicit cost you would incur in operating this business ?
For an individual who consumes two of the good X and Y, the marshallian demand function for X is flatter than the Hicskian demand function for X if X is a normal good. Why is this false? Isn't it ALWAYS correct to say that for a normal good, Compensa..
Johannes has a utility function given by U=xy/(x+y) where x is the amount of product 1 consumed per period and y is the amount of product 2 consumed per period. Johannes’ monthly income is $200. Find Johannes’ utility maximizing consumption levels fo..
New Tech uses a PW index that divides the PW of all future revenues by the cost in year 0 (PWI1). What is the index value for the following project
The Australian government administers two programs that affect the market for cigarettes
Draw a diagram to illustrate the state of the economy. Be sure to show aggregate demand, short-run aggregate supply, and long-run aggregate supply.
A student is chosen at random from this sample. What is the probability that the student has a paid assistant-ships?
A producer would not remain in Stage 1 because APP
The Patient Protection and Affordable Care Act limits the extent to which insurers may consider age in establishing rates. The results are higher premiums for the younger insured and lower premiums for the older insured.
Suppose we now care about the long run decisions of a firm that has a production function of the form q = 2L + 3K. Draw the isoquant that represents 20 units of output. If the price of each unit of labor is 1, the price of each unit of capital is 2 a..
According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..
q. if one draws mc curves pre and post innovation as well as the marginal revenue line for a monopoly and the mr in a
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