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Economic or political decision-makers only used one tool at the beginning of the COVID-19 pandemic: whether to put individuals in quarantine.
Question 1: During the pandemic, many workers started to work from home using digital technologies. Children also started homeschooling using digital technologies. At the same time, technological progress has accelerated in the IT industry. Assume that the market for computer is in perfect competition and that the initial price of a computer is 1000 dollars. Given this context, explain the impact of the pandemic on:
-The supply curve of computers
-The demand curve of computer
-The equilibrium in the market for computers
Explain the effects of either currency inflation or currency deflation (not both) on the domestic firm?
List a few major challenges YOU THINK would impact the future economic well being of the United States. Explain why these are crucial challenges and how they can be overcome. Your response MUST make references to short term fluctuations as well as lo..
Find and draw the best response functions of each bar on a single diagram.
The book value of this debt issue is $96 million. In addition, the company has a second debt issue, a zero coupon bond with 11 years left to maturity
What lump sum deposited today at 12?% compounded quarterly for 5 years will yield the same final amount as deposits of ?$6000
If something (S) is very responsive to the actions of something else (E) then when that something else (E) makes a changes then the first something will also change very similiar. If someone is allergic to bees, I would say that person is very respon..
Explain why policies designed to reduce urban unemployment may not greatly reduce poverty in developing countries.
The ATS Railroad runs a freight train daily between Chicago and St Louis. Two major groups of customers use this service: beef distributors and wheat growers. The demand for freight cars is given by the following equations: Qa 50-0.125P for the beef ..
Two firms constitute the entire doghouse industry. One has the long-run cost function c1(y) = 3 + 4y 2/3 for y > 0 and c1(0) = 0, and the other has the long-run cost function c2(y) = 10 + y 2/10 for y > 0 and c2(0) = 0. If no new firms can enter the ..
Suppose a government moves to reduce a budget deficit. Using the model developed in class: a) Graphically illustrate the impact of reducing the government’s budget deficit by increasing (lumpsum) taxes on household income. Be sure to label:
For utility maximization, consumers will purchase different consumption bundles until their marginal utility per dollar are equal.
What is the percent value of a loan that calls for the payment of $500 per year for six years if the discount rate is 10 percent and the first payment will be made one year from now? How would your answer change if the $500 per year occurred for ten ..
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