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What is the role of money in the overlapping-generations model? What problem does it solve and how does it do so? What is an alternative way the problem could be solved? What is the rate of return on fiat money in equilibrium in the model when population increases at a constant rate? can you explain?
What are your comparative advantages in the labor market? What do you still feel you need to develop to be prepared, valuable to an employer
Suppose you have an experiment where you flip a coin three times. You then count the number of heads.
For this discussion question, you will apply cost principles to business problems. A sunk cost is one that has already been incurred and cannot be recovered. Economic theory supports that only prospective (or future) costs are relevant to a decision...
What are some of the difficult choices government leaders face in solving our budget problems?
If the price elasticity of demand for a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will
If there is a significant change in supply, the supply curve will shift but the demand curve will not. What happens to the demand curve and why?
Why is there so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency? Why might it be excessive at times?
Illustrate what is the cooperative surplus. $100, the cost of litigating. What would be a reasonable settlement for Betty to pay What Arthur.
Assume that a monopoly has the following inverse demand curve: P=80-5Q. The firm's total cost function is TC=20+10Q. At what output is the firm's total revenue maximized?
Thinking deeper about your answers; how do interest rates affect millions of other buyers and their decisions, then how that affects the whole economy? Explain.
Why would your company have bid with a zero mark-up on some past tenders? Why didn’t it win all of those contracts?
Is America obligated to help poor countries? Is foreign aid worsening our budget deficit?
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