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Q1 Graph the equation Y = 14 - 2X. Your graph should be carefully labeled, with Y on the vertical axis, and X on the horizontal axis. What is the slope of this line?
Q2 Assume Nebraska and Virginia each have 100 acres of farmland. The following table gives hypothetical figures for yield per acre in the two states:
Nebraska Virginia
Wheat 9 5
Cotton 7 2
Suppose the two states decide that they want to produce 590 units of wheat together (not 590 units of wheat each). What is the maximum amount of cotton that they could produce?
Draw the graph of the PPF for each state, and then draw the graph for the PPF of the two states combined. On each graph, put the quantity of wheat on the vertical axis, and the quantity of cotton on the horizontal axis. Be sure to label your graphs carefully.
Describe the meaning of the term "mutual interdependence" as it applies to oligopolies. Provide an example.
research and discuss how the economic theory concerning decisions in the face of imperfect knowledge affects demand for
How foreign direct investment influences the wages
Case study any global economic event or events currently or recently covered in the news media and write a critical essay applying the concept points
prepare a 2-3 page analysis by answering the questions below. be sure to cite your references using apa format.assume
A. How would this impact policymakers' ability to use policy B. What would Congress be forced to do during a recession What is the mostly likely impact of the policy
Marginal propensity: 0.63 - 0.76 what is expenditure multiplier? wil increase from __ to _____ and if multiplier increases, everything else equal. changein expend. will raise aggreg. ependiture to a [larger,smaller,same] amount
Draw a network that depicts the company's distribution network. Identify the supply nodes, transshipment notes, and demand nodes on the network.
This is not a goal of government programs To enforce private property rights ,To prohibit natural monopolies or else.
A. Assume that ? = 1. What is the real interest rate, equilibrium level of output, consumption, planned investment, and net exports? B. Suppose the Fed increases r' to r' = 2. Calculate what happens to the real interest rate, equilibrium level of ..
Evaluate the Clean Air Act and determine if it has been effective from an economic standpoint. Explain your reasoning. Based on your evaluation of the Clean Air Act and additional efforts to address pollution, make policy recommendations that woul..
Consider a monopolist where the market demand curve for the produce is given by P = 520 – 2Q. This monopolist has marginal costs that can be expressed as MC = 100 + 2Q and total costs that can be expressed as TC = 100Q + Q2 + 50.
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