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1. Which of the following is not one of the services the Fed provides to commercial banks?
Select one:
a. Clearing checks
b. Insuring customer accounts for up to $100,000
c. Supplying currency
d. Holding reserves
e. Occasionally lending money
2. If the price of one good changes while other prices are held constant,
a. there is an income effect as real income changes.
b. there is a substitution effect as relative prices change.
c. the marginal utility per dollar spent on that good will change.
d. the quantity demanded of that good will change.
e. All of these choices.
Now suppose that it costs $20 to migrate to the United States. Who will migrate to the United States? What has happened to the skill level of those who elect to migrate? What has happened to the average skill level in the home country? Why?
Conclude which economic indicators the Federal Reserve should examine so it can better stabilize this particular economy.
If the price of A rises to 4 while other prices and Daniel's budget remain unchanged, how much or each does he purchase in equilibrium?
Describe what is meant by a dominant strategy. Given payoff matrix above, does each firm have a dominant strategy. Under what circumstances would re be no dominant strategy for one or both firms.
about the situations when a differentiation strategy is chosen? Provide specific real world examples.
How will firms react to rising output price levels? What reactions can they expect from their employees and suppliers over time?
q1. elucidate how a person who refuses an offer of employment in order to keep looking for a better job is counted by
Calculate the Herfindahl-Hirschman Indexes for 2006 and 2011. What information does this index tell you about changes in the industry? How does this information differ from the four-firm and eight-firm indexes?
Suppose that the demand curve for a product is given by P=36-Q where P is in thousands of dollars per auto and quantity is in millions of cars per year. What other things are held constant when one moves along a demand curve?
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
11.assume you are the director of design for a cell phone manufacturing company. you work closely with the new product
(a) Will a monopolist's total revenue be larger with second-degree price discrimination when the batches on which it charges a uniform price are larger or smaller? Why? (b) How does a two-part tariff differ from bundling?
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