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Question: Is Apple Computer a perfectly competitive firm? Explain your answer.
What is the yield to maturity on a Treasury bill that matures one year from now, has a price of $1,010, and has a face value of $1,000? If the consumer price index is expected to decline during the year from 250 to 245, what is the expected real i..
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..
Explain the theory of price controls and the equity reasons behind price ceilings in apartment rental markets in the US-issue of housing affordability.
a. Draw a diagram showing Sparkle's demand curve, marginal-revenue curve, average-total-cost curve, and marginal-cost curve. Label Sparkle's profit-maximizing output and price. b. What is Sparkle's profit.
What part of the change in consumption is due to the income effect and what part is due to the substitution effect - Draw the highest indifference curve that she can attain in red ink, and label the point that she chooses as A.
The Future Flight Corporation manufactures a variety of Frisbees selling for $2.98 each. Sales have averaged 10,000 units per month during the last year. Recently Future Flight's closest competitor, Soaring Free Company, cut its prices on similar ..
Presume the own price elasticity of demand for good X is -5, its income elasticity is 1, its advertising elasticity is 3, and the cross-price elasticity of demand among it and good Y is 4. Decide how much the consumption of this good will change if:
1)a )Explain the role of banks on the money supply. What is money multiplier? Explain.b) If the Central Bank increases the required reserve ratio what will happen to interest rate? Using appropriate diagram, show equilibrium in the money market.
suppose there are 9 sellers and 9 buyers in a market each willing to buy or sell one unit of a good. their values are
What is Mokyr's hypothesis about the medium term future of the US economy? What evidence does he cite that supports his claim? What are the main similarities and differences in Cowen and Mokyr?
Identify the relevant facts including key stakeholders (distinguish known facts from assumptions, identify the factors that are „unknown?)
a. Find the cable monopolist's profit-maximizing quantity and price. b. Find the cable monopolist's resulting profit
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