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The graph below depicts the relationship between fish species population and annual growth. Identify the following on the graph.
Maximum sustainable yield (MSY)
Critical minimum population (Xmin)
Maximum population level or natural state (Xmax)
Explain the following:
Why is the critical minimum population ( Xmin) an unstable equilibrium?
Why is the natural state population (Xmax) a stable equilibrium?
Discuss the concept of “jurisdiction” discussed in the text on pages 83-92, including its application in the Federal Court System and the various State Court Systems.
Most economists agree with which of the ?following? Active policymaking is likely to exert sizable? long-run effects on real GDP. Passive policymaking is likely to exert sizable? long-run effects on real GDP.
One point made is that most demand curves are downward sloping. Can you think of any situation where an individual's demand curve for a product is upward sloping.
What is the future value of a $900 deposit that earns an annual interest rate of 8% compounded quarterly, 5 years from now? Now assume the compounding period changes to monthly, how much more or less will you earn?
Illustrate what do you think would happen to sale and price of DVDs after this.
Suppose that the external damage is MD = 300 + 5Q; MC = 100 + 2Q; MB = D – 2Q where D is unknown. (a) If D = 1000, what would be the optimal quantity? What tax would be necessary on order for that to be the optimal quantity?
wicksteed made a significant contribution to value theory during the marginal utility revolution. this contribution was
The Malthusian population trap model implies that
Explain the aspects of expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate?
Your mutual fund increased in value from $10 to $40 over the last 15 years. Illustrate what was the average annual return with continuous compounding for the mutual fund over the 15 year period.
A engineering firm plans to buy new software to improve efficiency. The software has an initial cost of $15,000, and is expected to increase profit by $3,000 per year. Determine the payback period for the software including the effect of interest usi..
If we start with the premise that the US economy is a consumer driven (consumption) economy, would consumers saving their money hurt the economy? If there are more investment opportunities in the US vs other countries, doesn't this speak to the healt..
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