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What is the difference between monetarist and structualist interpretations of Lation American inflations?
A monopolist manufacturer sells to a monopolist retailer. Suppose the final consumer demand for the good at the retailer level is P = 200 – 4Q and the costs for the manufacturer of producing the good are represented by TC = 40Q + 10. The wholesale pr..
Small country Alpha exports lumber products obtained by cutting Alpha's forests. Cutting the forests creates negative external effects in Alpha.
Some businesses will examine either pricing structure and modify it in order to maximize revenue, either by raising or lowering price. Cost and Revenue Curves simulation and this week's readings could organization you have chosen lower prices to in..
This year is expected to be a great one for selling walking shoes in Georgia. At very low prices, only the most efficient shoemakers are able to sell. There are two shoe producers that operate with the most cost-effective equipment and skilled person..
What is the value of consumer surplus? What is the value of the deadweight loss created by this monopoly?
Crimes Against Public Order. In some legislative contexts, public interests take precedence over individual rights and freedoms, and the crimes appear to be "victimless." Give several examples of crimes in this category and use the examples to illust..
Suppose that Mr. J ustin Bieber deposits $5,000 in his checking account at Santa Monica Bank. How does this transaction affect the monetary base? Show the T - accounts for Mr. Bieber, the bank, and the Fed.
What is the present discounted value of $1210 that is paid in two years if the interest rate is 10%?
Suppose that a firm sells $10,000 worth of shoes that it has held in inventory for several years. What happens to GDP as a result? Which of its components are affected and how?
Three Guys Named Moe, a moving company in Econopolis, is contemplating a price hike. Right now, they charge $20 per hour, but Moe #1 thinks they could get $30. Moe #2 disagrees, saying it will hurt the business. Should they do as Moe#1 suggests and r..
Which of the following characteristics relate to perfect competition? The curve that is most relevant to the firm's decision to produce or shut down in the short run is:
Joe Creel owned a NASCAR collectibles business named Joe’s Racing Collectibles. In 1994, Creel brought Arnold Lilly and Roy Artier into the business, which they reformed as a partnership named Joe’s Racing. Creel contributed as capital to the partner..
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