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Suppose the market demand for a good is described by the demand function P = 160 - 2Q. It follows that the total revenue function relating the total revenues (TR) to the quantity sold (Q) is:
Describe a situation that would call for applying one or more of any (dynamic economic model/legit model/random walk model/spurious regression/co integrated time series/tests of stationary). Explain your rationale for applying the model you chose.
Why is productivity related to the standard of living. In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labor productivity.
If Latanya plans to use the phone for one hour to talk with only one person, with whom would she rather speak.
Composite index of leading economic indicators - What is the value (last report) is the trend up or down? Why is it a “Leading” index? What indexes comprise the composite index?
Suppose that you never carry cash. Your pay check of $1,000 per month is deposited directly into your checking account, and you spend your money at a constant rate so that at the end of each month your checking account balance is. What is your averag..
An individual, who has income I, cares only about two goods: X and Y. Their prices are Px and Py, respectively. The individual's utility function is U(X,Y)=aln(X)+(1-a)ln(Y).
Suppose an economy is in long-run equilibrium. The central bank raises the money supply by 5 percent. Use your diagram to show what happens to output and the price level as the economy moves from the initial to the new short-run equilibrium. What cau..
Why did rising house prices make US retail banks more willing to provide mortgages for low-income earners with poor credit histories?
the impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following
Compared with perfect competition, quantity produced in monopolistic competition is inefficient as price is higher than marginal cost (i.e. allocative inefficiency). Why do some economists argue that even if price is higher than marginal cost, it doe..
how many hours you spend playing. How much time should you spend studying microeconomics?
q.the pbp company acquired a warm n cook heat treating furnace so that it can properly heat treat parts for its high
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