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Advanced technology digalized theEDG read out and the demand for the old style machine dropped. The drop in demand resulted in a demand resulted in a demand curve of P=3900-.15Q. What waas XYZ's optimal output and priving policy given this change in demand.
Money deposited for a term is not left in bank vaults but is loaned out by the banks (subject to mininum cash reserve requirements). This means that a dollar on deposit can flow back into the banking system one or more times.
when potential output grows 4 percent per year. Suppose also that the Fed is following the Taylor rule, with an inflation rate of 2 percent over the past year. The federal funds rate is currently 3 percent.
Illustrate what effect a contractionary fiscal policy have on the price level and real GDP.
Use the utility function to answer the questions, below: (x1, x2) = exp (√(x 1 ) + √(x 2 )-Derive the Marshallian (ordinary) demand function for good1 and 2, x i *(p,l), i =1,2 . Then derive the indirect utility function (p,l).
Get price level stability under these conditions the government should:
Analyze why the prices of gasoline rose so high over the summer. Was it because OPEC cut back production and the number of people driving was more Illustrate this using a graph showing a decrease in supply coupled with an increase in demand, resul..
The town is debating two strategies for funding this cost: (1) requiring a sticker on every bag disposed of such that the total cost of the stickers for the average number of bags per household per year would be $30 or (2) including the $30 fee in..
Consider three alternatives, each with a 10-year useful life. If the MARR is 10%, which alternative should be selected? Slove the problem by benefit-cost ration analysis.
If a local movie theater sells tickets at different prices (senior citizens versus young people, matinee versus evening prices) is the local movie theater a monopoly? What about the concession stand inside the theater?
Answer the following questions on the basis of the monopolist's situation illustrated in the following graph.
Japan has traditionally had an employment system characterized by a "lifetime" employment relationship between employer and employee and salaries that are based on length of service with the employer-starting low
Why study economics? This goes back to the very definition of the field. It can actually be summed up in ONE word. Once you’ve found the word, explain it, however. Use terms like resources and carefully define them.
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