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Should this idea of rejecting funds be more regulated? Why or why not?
Consider the market for automobiles, and draw representative supply and demand curves. Suppose that the price of gasoline rises, and at the same time, the price of steel (an input to automobile production) falls. Show this on your graph. If you have ..
Suppose a consumer's utility function is given by U(X,Y) = X*Y. Also, the consumer has $288 to spend, and the price of X, PX=16, and the price of Y, PY = 1. How much X and Y should the consumer purchase in order to maximize her utility? How much tota..
Describe what will happen to supply or demand for the dollar and for the euro if more European tourists come to the US for vacations. Be sure to include whether each currency rises or falls in value.
Assume the average value of P is $ 3 and the average value of Po is $ 6. Illustrate what is the price elasticity at the average values of P and Po.
Fill in the blanks in the following explanations: a. The real wealth effect is described by the following: An increase in the price level leads to a(n) __________ in real wealth, which leads to a(n) __________ in purchasing power, which leads to a(n)..
What are the two basic strategies to motivate adoption? Give information on each.
Explain the potential impact the high cost of college could have on the unemployment rate. Explain the potential impact the high cost of college could have on the labor force participation rate.
Compute equilbribrium outcome for a firm that has ten workers, one of who is the owner who manages the firm. The firm's net income(net of the cost of materials, etc) is always five times the total amount of effort contributed.
Why there is always an equality between net capital outflow and net exports? Explain. Explain the model of aggregate demand and aggregate supply curve. Assuming that other things being the same what will happen to the price level and the quantity of ..
Mr. Allen views nutella and soda as perfect complements. She always needs two tablespoons of nutella with one tablespoon of soda, U=min{J, 1/2N}. What will her optimal consumption bundle be if the price of soda is $0.25 and the price of nutella is $0..
what is the optimal number of people she should recruit to help
Consider an economy where the production function is Y = K0.5 (LE) 0.5 The depreciation rate is δ = 0.04, the savings rate is s = 0.2, the population growth rate is n = 0.03 and technology growth rate is g = 0.03. What is the ’per effective worker’ p..
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