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In your own words, explain the process of multiplying or dividing complex numbers. Show an example to illustrate the process you explained. For this DQ, complete the problem provided by your instructor.
What will happen in the next 50 years to the relative demand for each of the following: food, housing, energy, fuel, water?
Suppose that an increase in jewellery demand induces a a surge for in the demand for gold. Using diagrams from part a show what happens in the short run to the gold market and to each existing gold mine.
Suppose that bicycles are produced by a perfectly competitive, constant cost industry. Which will have a larger effect on the long-run price of bicycles a government program to advertise the health benefits of bicycling.
Calculate Joe's Marginal Revenue Product for Labor (MRPL). What is Joe's optimal level of L if w=$22.75? Why?
What policy rule do monetarists believe the Fed should follow? What are the major assumptions underlying this policy prescription - Why would you expect the velocity of circulation of a monetary aggregate.
In November 2013, John Adams, a customer service representative of Americo Drilling Supplies (ADS), was summoned to the Houston warehouse of Drilling Contractors, Inc. (DCI), to inspect three boxcars of mud-treating agents that ADS had shipped to ..
a. Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q. Then, the marginal revenue (MR) equation for this demand equation will become: MR = 560 - 0.048Q.
Why is the public not outraged with corporations who could endanger an entire city through practices that may create environmental disasters, as they are with people who use physical force against others in personal crimes
Assume that the business cycle in the US is best described through RBC theory. An advance in technology raise productivity.
Explain what effect an expansionary fiscal policy would have on the price level and real GDP starting from full employment equilibrium.
Perfect Competition If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development What condition would encourage research and develo..
Let's watch a bank create money. Last Wednesday, the Bank of Numenor opened for business. The first customer, Edith, walked in the door with 100 silver coins called Thalers to deposit in a new checking account. The second customer, Max, walks in t..
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