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Signal processing:
What is the difference between a op-amp buffer and a normal wire? Can we treat them like they can replace each other?
Assume that the dairy industry is initially in a perfectly competitive equilibrium. Assume that, in the long run, the technology is such that average cost is constant at all levels of output. Suppose that producers agree to form an association and be..
Consider and economy with the following production technology: Y = 9K1/3 L2/3 , where the aggregate capital stock is K=100, and aggregate labor is L=100. The price of output is 1. a) Compute the equilibrium wage and capital return. b) Compute total p..
An industry said to be characterized by monopolistic competition is the apparel industry. In May 2015, a Wall Street Journal article on apparel pricing began this way: “Remember all the nifty bargains you found shopping for clothes last year?
In the short run, when there is an increase in aggregate demand:
You hold an auction among three bidders. You estimate that each bidder has a value of either $16 or $20 for the item, and you attach probabilities to each value of 50%. What is the expected price? If two of the three bidders collude, what is the pric..
Consumers are always better off if a market is monopolistically competitive rather than perfectly competitive because of greater product variety. A monopolistically competitive firm sets price above marginal cost. A monopolistically competitive marke..
q1. a nation demand for loan is r 20- 0.5i where r is the nominal interest rate. the supply of loans is r2i. if the
A refrigerator sold for $500. The store financed the refrigerator by charging 0.5% monthly interest on the unpaid balance. If the refrigerator is paid for with 30 equal end-of-month payments: What will be the size of the monthly payments? If the firs..
In a new, highly automated factory, labor costs are expected to decrease at an annual rate of 5%; material costs will increase at an annual rate of 4%; over-head costs will increase at 8%. The labor, material, and overhead costs at the end of the fir..
The formation of the European Monetary Union in 1999 resulted in the creation of a single currency (the euro) and a European Central Bank. With a common central bank, the central bank of each participating nation performs operations similar to those ..
What types of policies might be proposed by a government if information failure (Markets may not provide enough information because, during a market transaction, it may not be in the interests of one party to provide full information to the other par..
Suppose an economy has overbuilt and suffers from excess capacity. A recession ensues due to firm cutting back on expenditures. Is deficient demand more easily remedied by monetary or fiscal policy for this economy?
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